Hillenbrand Inc.
07/22/2025 | Press release | Distributed by Public on 07/22/2025 14:16
Material Agreement (Form 8-K)
Item 1.01. Entry into a Material Definitive Agreement.
On July 17, 2025 (the "Effective Date"), Hillenbrand, Inc. (the "Company") completed an amendment (the "L/G Facility Amendment") to its €325,000,000 Syndicated L/G Facility Agreement, dated as of June 21, 2022 (as amended or modified prior to the Effective Date, the "Existing L/G Facility Agreement," and the Existing L/G Facility Agreement as amended by the L/G Facility Amendment, the "Amended L/G Facility Agreement"), among the Company, the subsidiary borrowers party thereto, the subsidiary guarantors party thereto, Commerzbank Aktiengesellschaft, as coordinator, mandated lead arranger and bookrunner, the other financial institutions party thereto as mandated lead arrangers, lenders and issuing banks and Commerzbank Aktiengesellschaft, as agent (the "Agent"). The L/G Facility Amendment is documented in the form of a consent and amendment request that was executed by the Company and delivered to the Agent on July 4, 2025, and countersigned by the Agent on the Effective Date.
The L/G Facility Amendment amends the Existing L/G Facility Agreement by, among other things, increasing the maximum permitted Leverage Ratio under the Amended L/G Facility Agreement as of the last day of each of its fiscal quarters to be: (i) 4.25x for the fiscal quarters ending June 30, 2025, through and including June 30, 2026; (ii) 4.00x for the fiscal quarter ending September 30, 2026; (iii) 3.75x for the fiscal quarter ending December 31, 2026; and (iv) 3.50x for the fiscal quarter ending March 31, 2027, and each fiscal quarter thereafter.
Certain of the lenders, arrangers and agents under the Amended L/G Facility Agreement and their respective affiliates have engaged in, and may in the future engage in, investment banking, commercial lending, financial advisory and other services for the Company and its subsidiaries and have received, or may in the future receive, customary fees and commissions or other payments in connection therewith.
The foregoing description of the L/G Facility Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the L/G Facility Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Hillenbrand Inc. published this content on July 22, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on July 22, 2025 at 20:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]