Hillenbrand Optimizes Capital Structure with Note Redemption and Credit Agreement Amendments
July 23rd, 2025 10:21 AM
By: Newsworthy Staff
Hillenbrand has taken significant steps to enhance its financial flexibility by redeeming $375 million in notes and amending its credit agreements, including a $700 million revolving credit facility and a Euro-denominated term loan.
Hillenbrand has announced the full redemption of its $375 million, 4.500% notes due September 2026, alongside amendments to its syndicated credit agreement. The amended agreement features 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 for this 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 increased operational and financial flexibility.
Source Statement
This news article relied primarily on a press release disributed by citybiz. You can read the source press release here,
