Hillenbrand, Inc.: debt financing — Hillenbrand issues $500M 6.25% Senior Notes due 2029

Hillenbrand, Inc.

$500M aggregate principal of 6.250% Senior Notes due Feb 15, 2029.
Interest payable semi-annually on Feb 15 and Aug 15, starting Aug 15, 2024.
Net proceeds to repay borrowings under multi-currency revolver; remainder for general corporate purposes.
Optional redemption: make-whole prior to Feb 15, 2026; then at 103.125% (2026), 101.5625% (2027), 100% (2028+).
Change-of-control repurchase at 101% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hillenbrand, Inc. incurred senior notes of $500,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.2500% maturing February 15, 2029.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.2500%
Maturity: February 15, 2029
Event: incurrence

Exact text from the filing

completed its previously announced underwritten public offering (the “Offering”) of $500,000,000 aggregate principal amount of 6.2500% Senior Notes due 2029

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hillenbrand, Inc. entered into Eleventh Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 aggregate principal amount of 6.2500% Senior Notes due 2029 (effective 2024-02-14).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $500,000,000 aggregate principal amount of 6.2500% Senior Notes due 2029
Effective: 2024-02-14

Exact text from the filing

On February 14, 2024, Hillenbrand, Inc., an Indiana corporation (the “Company”), completed its previously announced underwritten public offering (the “Offering”) of $500,000,000 aggregate principal amount of 6.2500% Senior Notes due 2029 (the “Notes”).

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Source: SEC EDGAR

accession 0001104659-24-023803

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