secwatch.observer — SEC 8-K summary
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Issuer:     Hillenbrand, Inc. (—)
CIK:        0001417398
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001193125-26-043797
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lone Star completes $3.8B acquisition of Hillenbrand; stockholders receive $32.00/share
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- Total enterprise value ~$3.8B; aggregate Merger Consideration ~$2.25B; each share converted to $32.00 cash.
- Transaction closed Feb 10, 2026; Hillenbrand common stock delisted from NYSE.
- All outstanding equity awards cashed out based on $32.00 per share (options, RSUs, deferred shares).
- Company now wholly owned subsidiary of Lone Star; board resigned except new director Kim Ryan as CEO.
- New debt financing: $1.8B term loan, $430M revolver, $350M LC facility, and $500M 7.125% secured notes due 2033.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417398/000119312526043797/0001193125-26-043797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417398/000119312526043797/d101200d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-043797

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