Hillenbrand Announces Launch and Pricing of an Aggregate of $375 Million Notes Offering
Summary
BATESVILLE, Ind., Sept. 16, 2019 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) has announced the launch and pricing of its public offering of $375 million aggregate principal amount of 4.50 percent senior notes due 2026. Hillenbrand intends to use the net proceeds from this offering as well as available cash, borrowings under its Third Amended and Restated Credit Agreement, including the revolving credit facility, and other potential additional sources of funding, to finance the cash consideration portion of the proposed acquisition of Milacron Holdings Corp. ("Milacron"), to repay certain indebtedness of Milacron and to pay the related fees and expenses associated with the transaction. Throughout this release, we make a number of "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These factors include, but are not limited to: the impact of the 2017 Tax Cuts and Jobs Act, enacted by the U.S. government on December 22, 2017, on the Companys financial position, results of operations, and cash flows; the outcome of any legal proceedings that may be instituted against Hillenbrand, or any companies we may acquire; risks that an acquisition disrupts current operations or poses potential difficulties in employee retention or otherwise affects financial or operating results; the ability to recognize the benefits of an acquisition, including potential synergies and cost savings or the failure of an acquired company to achieve its plans and objectives generally; global market and economic conditions, including those related to the credit markets; volatility of our investment portfolio; adverse foreign currency fluctuations; involvement in claims, lawsuits and governmental proceedings related to operations; labor disruptions; the dependence of our business units on relationships with several large providers; increased costs or unavailability of raw materials; continued fluctuations in mortality rates and increased cremations; competition from nontraditional sources in the death care industry; cyclical demand for industrial capital goods; certain tax-related matters; and changes to legislation, regulation, treaties or government policy, including any resulting from the current political environment. For a more in-depth discussion of these and other factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading "Risk Factors" in Part I, Item 1A of Hillenbrands Form 10-K for the year ended September 30, 2018, filed with the Securities and Exchange Commission on November 13, 2018; in Part II, Item IA of Hillenbrands Form 10-Q for the quarter ended June 30, 2019, filed with the Securities and Exchange Commission on July 31, 2019; and in Hillenbrands other filings with the U.S. Securities and Exchange Commission, including on Forms 8-K, S-3 and S-4.