---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-011231"
form_type: "8-K"
ticker: null
cik: "0001417398"
company_name: "Hillenbrand, Inc."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:59:06.954090+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hillenbrand completes sale of Batesville for $761.5M; expects ~$530M net proceeds for debt reduction

## Summary
- Closed Feb 1, 2023; total consideration $761.5M ($750M cash + $11.5M subordinated note).
- After-tax net proceeds expected ~$530M; funds to be used for existing debt reduction.
- Pro forma continuing ops: FY2022 revenue $2.32B, net income $131.1M, diluted EPS $1.82.
- Debt paydown of $106.6M planned from proceeds; retained earnings reduced by $145.2M tax obligation.
- Batesville contributed $625.6M revenue and $84.0M net income in FY2022.

## SEC filing metadata
- accession: 0001104659-23-011231
- form_type: 8-K
- cik: 0001417398
- company_name: Hillenbrand, Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1417398/000110465923011231/0001104659-23-011231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1417398/000110465923011231/tm235464d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-011231
- JSON: https://secwatch.observer/filing/0001104659-23-011231.json
- Plain text: https://secwatch.observer/filing/0001104659-23-011231.txt

## Key facts
- M&A Transactions
  Hillenbrand, Inc. completed a disposition involving BL Memorial Partners, LLC for $761,500,000 (closed 2023-02-01).
  - Action: disposition
  - Counterparty: BL Memorial Partners, LLC
  - Consideration: $761,500,000
  - Closing: 2023-02-01
  source text: (the “Business”) by acquiring all of the outstanding equity interests in the entities that own and operate the Business (the “Transaction”) for an aggregate purchase price of $761,500,000, consisting of $750,000,000 in cash (subject to specified adjustments as set forth in the Agreement) and $11,500,000 in the form of a subordinated note. The Transaction was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1417398/000110465923011231/0001104659-23-011231-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.