Hillenbrand Inc (HI) has released an update to notify the public and investors about an entry into a material definitive agreement.
Hillenbrand, Inc. has partnered with prominent underwriters, including HSBC Securities and J.P. Morgan, for a public offering of $500 million in Senior Notes at a 6.2500% interest rate, maturing in 2029. The offering, set to close on February 14, 2024, is based on an effective shelf registration and includes standard legal and indemnification clauses. The underwriters, who have various financial dealings with Hillenbrand, may also receive customary fees for their services.
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For a comprehensive understanding of the announcement, you can read the full document here.
