secwatch.observer — SEC 8-K summary
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Issuer:     Hillenbrand, Inc. (—)
CIK:        0001417398
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001104659-23-073997
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hillenbrand adds €185M term loan, boosts L/C facility to €325M to fund Schenck acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/0001104659-23-073997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417398/000110465923073997/tm2319180d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-073997

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer