---
schema_version: "secwatch.filing_event.v1"
accession: "0001822492-24-000059"
form_type: "8-K"
ticker: "HLMN"
cik: "0001822492"
company_name: "Hillman Solutions Corp."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:59:37.540492+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hillman reprices $752M term loan, cuts interest margin by 25 bps to SOFR+250

## Summary
- Expected annualized interest savings of ~$2.6M before one-time fees of ~$1.4M.
- Removed the 11 bps Credit Spread Adjustment; rate now SOFR + 250 bps based on current leverage.
- Since Q2 2022 reduced net inventories by $192M and gross debt by $206M.
- Further 25 bps reduction to 225 bps if first lien leverage ratio falls below 3.0x.
- S&P upgraded issuer credit rating to 'BB' from 'BB-'; Moody's affirmed 'B1' with stable outlook.

## SEC filing metadata
- accession: 0001822492-24-000059
- form_type: 8-K
- ticker: HLMN
- cik: 0001822492
- company_name: Hillman Solutions Corp.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822492/000182249224000059/0001822492-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822492/000182249224000059/hlmn-20240326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822492-24-000059
- JSON: https://secwatch.observer/filing/0001822492-24-000059.json
- Plain text: https://secwatch.observer/filing/0001822492-24-000059.txt

## Key facts
- Material Agreements
  Hillman Solutions Corp. amended Second Term Loan Amendment with Jefferies Finance LLC (effective 2024-03-26).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Jefferies Finance LLC
  - Effective: 2024-03-26
  source text: On March 26, 2024, Hillman Solutions Corp.’s (the “ Company ”) wholly‐owned subsidiaries, The Hillman Companies, Inc., (“ Holdings ”) and The Hillman Group, Inc. (the “ Borrower ”), entered into Amendment No. 2 to the existing term loan credit agreement (the “ Second Term Loan Amendment ”) with Jefferies Finance LLC, as administrative agent, to make certain changes to reduce the Applicable Rate of the term loan by 25 bps and eliminate the Term SOFR Adjustment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822492/000182249224000059/0001822492-24-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.