Hillenbrand Industries, Inc. Announces Expiration and Final Results of its Previously Announced 'Any and All' Cash Tender Offer
31 Mars 2008 - 11:00PM
PR Newswire (US)
BATESVILLE, Ind., March 31 /PRNewswire-FirstCall/ -- Hillenbrand
Industries, Inc. (NYSE:HB) (the "Company") announced the expiration
and final results of its previously announced cash tender offer to
purchase any and all of its outstanding 4.50 percent Senior Notes
due 2009 (CUSIP No. 431573AD6). The tender offer was made pursuant
to an Offer to Purchase dated February 29, 2008 (the "Offer to
Purchase") and the related Letter of Transmittal, which set forth a
more comprehensive description of the terms of the tender offer.
The tender offer expired at 8 a.m., New York City time, on March
31, 2008. $224,265,000 in aggregate principal amount of notes,
representing approximately 89.7 percent of the outstanding notes,
were validly tendered (and not validly withdrawn) in the tender
offer. The Company has waived all of the conditions to the tender
offer and has accepted for purchase all of the notes validly
tendered (and not validly withdrawn) in the tender offer. The
Company has paid to the Depository Trust Company the total
consideration payable to holders in the tender offer and has
irrevocably instructed Global Bondholder Services Corporation, the
depositary for the tender offer, to pay the full tender offer
consideration or late tender offer consideration, as applicable,
plus accrued interest, to the tendering holders on the settlement
date, which is tomorrow, April 1, 2008. Citi and Goldman, Sachs
& Co. served as the dealer managers for the tender offer and
Global Bondholder Services Corporation served as the depositary and
information agent for the tender offer. ABOUT HILLENBRAND
INDUSTRIES, INC. Hillenbrand Industries is organized into two
operating companies serving the health care and funeral services
industries. Hill-Rom is a leading worldwide manufacturer and
provider of medical technologies and related services for the
health care industry, including patient support systems,
non-invasive therapeutic products for a variety of acute and
chronic medical conditions, medical equipment rentals, and
information technology solutions. Hill-Rom's comprehensive product
and service offerings are used by health care providers across the
health care continuum in hospitals, extended care facilities and
home care settings to enhance the safety and quality of patient
care. Hill-Rom ... enhancing outcomes for patients and their
caregivers. Batesville Casket Company is a leader in the North
American death care industry through the sale of funeral services
products, including burial caskets, cremation caskets, containers
and urns, selection room display fixturing and other
personalization and memorialization products. Batesville Casket
Company ... helping families honor the lives of those they love.
http://www.hillenbrand.com/ Disclosure Regarding Forward-Looking
Statements Certain statements in this press release contain
forward-looking statements, regarding the Company's future plans,
objectives, beliefs, expectations, representations and projections.
The Company has tried, wherever possible, to identify these
forward-looking statements using words such as "intend,"
"anticipate," "believe," "plan," "encourage," "expect," "may,"
"goal," "become," "pursue," "estimate," "strategy," "will,"
"projection," "forecast," "continue," "accelerate," "promise,"
"increase," "higher," "lower," "reduce," "improve," "expand,"
"progress," "potential" or the negative of those terms or other
variations of them or by comparable terminology. The absence of
such terms, however, does not mean that the statement is not
forward-looking. It is important to note that forward-looking
statements are not guarantees of future performance, and the
Company's actual results could differ materially from those set
forth in any forward-looking statements. Factors that could cause
actual results to differ from forward- looking statements include
but are not limited to: the Company's dependence on its
relationships with several large national providers and group
purchasing organizations, changes in death rates, whether the
Company's new products are successful in the marketplace, changes
in customers' Medicare reimbursements, collections of accounts
receivable, compliance with FDA regulations, antitrust litigation,
potential exposure to product liability or other claims, failure of
the Company's announced strategic initiatives and restructuring and
realignment activities to achieve expected growth, efficiencies or
cost reductions, disruptions in the Company's business or other
adverse consequences resulting from the planned separation of the
Company's two operating companies, failure of the Company to
execute its acquisition and business alliance strategy through the
consummation and successful integration of acquisitions or entry
into joint ventures or other business alliances, competition from
nontraditional sources in the funeral services business, volatility
of the Company's investment portfolio, increased costs or
unavailability of raw materials, labor disruptions, the ability to
retain executive officers and other key personnel, and certain
tax-related matters. 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 the Company's Annual Report on Form
10-K for the period ended September 30, 2007. The Company assumes
no obligation to update or revise any forward-looking statements.
DATASOURCE: Hillenbrand Industries, Inc. CONTACT: Investors, Blair
A. (Andy) Rieth, Jr., Vice President, Investor Relations, Corporate
Communications & Global Brand Development, +1-812-931- 2199, or
, or Media, Lauren Green-Caldwell, Director, Corporate
Communications & Public Relations, +1-812-934-8692, or , both
of Hillenbrand Industries, Inc. Web site:
http://www.hillenbrand.com/
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