By: citybiz
July 23, 2025
Hillenbrand Announces Note Redemption, Amends Credit Agreements
BATESVILLE, Ind., July 22, 2025 /PRNewswire/ — Hillenbrand, 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.
About Hillenbrand
Hillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers around the world. Our portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. Guided by our Purpose — Shape What Matters For Tomorrow — we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our people, our customers, and our communities. To learn more, visit: www.Hillenbrand.com.
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