Hillenbrand Optimizes Capital Structure with Note Redemption and Credit Agreement Amendments

Hillenbrand has announced the full redemption of its $375 million, 4.500% notes due September 2026, alongside the amendment and extension of its syndicated credit agreement. This strategic move includes a $700 million revolving credit facility, a $175 million term loan, and a Euro-denominated delayed-draw term loan of up to €240 million. JPMorgan Chase Bank, N.A. and J.P. Morgan SE are serving as the administrative agents under the amended agreement.

Additionally, the company has amended its €325 million L/G facility agreement, with Commerzbank Aktiengesellschaft acting as coordinator, lead arranger, bookrunner, and agent. These financial maneuvers are aimed at optimizing Hillenbrand's capital structure, thereby providing the company with enhanced operational and financial flexibility. This development is significant for stakeholders as it underscores Hillenbrand's commitment to maintaining a robust financial foundation, which is crucial for sustaining its global operations and fulfilling its mission to provide highly-engineered, mission-critical processing equipment and solutions.

The redemption of the notes and the amendment of the credit agreements reflect Hillenbrand's proactive approach to financial management. By securing more favorable terms and extending the maturity of its debt, the company is well-positioned to navigate future challenges and capitalize on growth opportunities. This news is particularly relevant for investors and industry observers, as it highlights Hillenbrand's strategic financial planning and its potential impact on the company's long-term growth and stability in the competitive industrial sector.