Hillenbrand enters $700M revolver, $175M term loan, €240M delayed-draw facility

Hillenbrand, Inc.

New $700M revolving credit facility replaces prior $1B revolver; includes $175M USD term loan drawn on July 9, 2025.
€240M euro-denominated delayed-draw term loan available to refinance 4.500% notes due Sep 2026.
Maturity extended to July 9, 2030, with two optional one-year extensions.
Leverage ratio covenants step down from 4.00x to 3.50x through June 2026; higher thresholds if LG condition satisfied.
Credit agreement is unsecured but requires collateral if a Collateral Springing Event occurs before Jan 1, 2027.

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