(Batesville, IN) – Hillenbrand, Inc. today announced the redemption in full of its $375 million, 4.500% notes due September 2026.
The company also announced the successful amendment and extension of its syndicated credit agreement, which 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 serve as administrative agent under the amended and restated syndicated credit agreement.
In addition, the Company announced it has amended its €325 million L/G facility agreement.
Commerzbank Aktiengesellschaft serves as coordinator, lead arranger, bookrunner, and agent under the amended L/G facility agreement.
The redemption, in conjunction with the amendments, marks a significant step in optimizing the Company’s capital structure, allowing for greater operational and financial flexibility.
(Hillenbrand, Inc. press release)
