secwatch.observer — SEC 8-K summary
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Issuer:     Hillenbrand, Inc. (—)
CIK:        0001417398
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001104659-23-011231
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417398/000110465923011231/0001104659-23-011231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417398/000110465923011231/tm235464d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-011231

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