Hillenbrand Prices Offering Of $500M 6.2500% Senior Unsecured Notes Due 2029
Hillenbrand, Inc. (NYSE:HI) has announced the commencement and pricing of its public offering of $500,000,000 aggregate principal amount of 6.2500% senior unsecured notes due 2029 (the "Notes"). The offering is expected to close on or about February 14, 2024, subject to customary closing conditions.
Hillenbrand intends to use the net proceeds from this offering to repay borrowings under its multi-currency revolving credit facility, without a reduction in commitment, and may use any remaining proceeds for general corporate purposes, including repayment of other indebtedness.