--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-073997" form_type: "8-K" ticker: null cik: "0001417398" company_name: "Hillenbrand, Inc." filed_at: "2023-06-23T23:59:59+00:00" generated_at: "2026-06-13T17:51:29.656884+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Hillenbrand adds €185M term loan, boosts L/C facility to €325M to fund Schenck acquisition ## Summary - Added €185M delayed-draw term loan facility for Hillenbrand Switzerland GmbH to finance Schenck Process Food & Performance Materials purchase. - Syndicated L/G facility increased from €225M to €325M; temporary leverage ratio increases up to 4.50x through June 2024. - Term loan matures June 8, 2027; interest at EURIBOR plus 1.00%-2.25% based on leverage ratio. - Amended credit agreement requires mandatory prepayment from asset sale proceeds and imposes lien limits during Adjusted Period. ## SEC filing metadata - accession: 0001104659-23-073997 - form_type: 8-K - cik: 0001417398 - company_name: Hillenbrand, Inc. - filed_at: 2023-06-23T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/0001104659-23-073997-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/tm2319180d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-073997 - JSON: https://secwatch.observer/filing/0001104659-23-073997.json - Plain text: https://secwatch.observer/filing/0001104659-23-073997.txt ## Key facts - Debt Financings Hillenbrand, Inc. amended credit facility of increased from €225,000,000 to €325,000,000 with Commerzbank Aktiengesellschaft. - Instrument: credit facility - Principal: increased from €225,000,000 to €325,000,000 - Counterparty: Commerzbank Aktiengesellschaft - Event: amendment source text: and, as amended by the L/G Amendment, the “Amended L/G Agreement”). The amendments effected by the L/G Amendment include, among other changes, an increase in the facility from €225,000,000 to €325,000,000 and the inclusion of requirements that would be triggered by a Collateral Springing Event, as described below. The Amended L/G Agreement requires the Company and evidence_url: https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/0001104659-23-073997-index.htm - Debt Financings Hillenbrand, Inc. incurred term loan of up to €185,000,000 with JPMorgan Chase Bank, N.A. at Adjusted EURIBO Rate plus a margin, ranging from 1.00% to 2.25% maturing June 8, 2027. - Instrument: term loan - Principal: up to €185,000,000 - Counterparty: JPMorgan Chase Bank, N.A. - Rate: Adjusted EURIBO Rate plus a margin, ranging from 1.00% to 2.25% - Maturity: June 8, 2027 - Event: incurrence source text: delayed-draw term loan facility available to the Company’s wholly owned subsidiary Hillenbrand Switzerland GmbH in an initial aggregate principal amount of up to €185,000,000 (the “New Term Loan”) and the inclusion of requirements that would be triggered by a Collateral Springing Event, as described below. The New Term Loan commitments will be evidence_url: https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/0001104659-23-073997-index.htm - Material Agreements Hillenbrand, Inc. amended Amendment and Restatement Agreement (Syndicated L/G Facility Agreement) with Commerzbank Aktiengesellschaft, as agent (effective 2023-06-22). - Action: amendment - Agreement: credit facility - Counterparty: Commerzbank Aktiengesellschaft, as agent - Effective: 2023-06-22 source text: On June 22, 2023, the Company entered into an Amendment and Restatement Agreement (the “L/G Amendment”) between the Company, the subsidiary borrowers party thereto, the subsidiary guarantors party thereto, Commerzbank Aktiengesellschaft, as mandated lead arranger and bookrunner, Commerzbank Aktiengesellschaft (as successor to Commerzbank Finance & Covered Bond S.A.), as agent (in such capacity, the “Agent”), and the other financial institutions party thereto as mandated lead arrangers, lenders and issuing banks. evidence_url: https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/0001104659-23-073997-index.htm - Material Agreements Hillenbrand, Inc. amended Amendment No. 1 to Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-06-21). - Action: amendment - Agreement: credit facility - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent - Effective: 2023-06-21 source text: On June 21, 2023, Hillenbrand, Inc. (the “Company”) entered into the Amendment No. 1 to Fourth Amended and Restated Credit Agreement (the “Credit Agreement Amendment”) among the Company, the subsidiary borrowers party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”). evidence_url: https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/0001104659-23-073997-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.