BATESVILLE, Ind., Feb. 7, 2024
/PRNewswire/ -- 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.
HSBC Securities (USA) Inc.,
J.P. Morgan Securities LLC, U.S. Bancorp Investments, Inc., Wells
Fargo Securities, LLC and Morgan Stanley & Co. LLC are the
bookrunners for the offering.
The offering is being made pursuant to an effective shelf
registration statement on file with the Securities and Exchange
Commission (the "SEC"), which became effective on February 7, 2024 (File No. 333-276917). The
offering of the Notes will be made only by means of a prospectus
supplement relating to such offering and an accompanying
prospectus. An electronic copy of the preliminary prospectus
supplement (and, when available, the final prospectus supplement)
for the offering, together with the accompanying prospectus, is or
will be available on the SEC's website at www.sec.gov.
Alternatively, copies of these documents can be obtained by
contacting: HSBC Securities (USA)
Inc. at 866-811-8049, J.P. Morgan Securities LLC via Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by Telephone:
1-866-803-9204, U.S. Bancorp Investments, Inc. at (877) 558-2607,
Wells Fargo Securities, LLC at 90 S 7th, 5th Floor| Minneapolis, MN 55402 Tel 1-800-645-3751 Opt.
5, and Morgan Stanley & Co. LLC at 1-866-718-1649 /
prospectus@morganstanley.com.
This press release is not an offer to sell or a solicitation of
an offer to buy any security and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offering,
solicitation or sale would be unlawful.
About Hillenbrand
Hillenbrand (NYSE: HI) is a
global industrial company that provides highly-engineered,
mission-critical processing equipment and solutions to customers in
over 100 countries around the world. Our portfolio is composed of
leading industrial brands that serve large, attractive end markets,
including durable plastics, food, and recycling. Guided by our
Purpose — Shape What Matters For Tomorrow™ — we pursue excellence,
collaboration, and innovation to consistently shape solutions that
best serve our associates, customers, communities, and other
stakeholders.
Forward-Looking Statements
This press release contains
certain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995, including, but not
limited to, those related to the closing of the proposed offering
and the use of proceeds therefrom. Forward-looking statements are
based on assumptions that we believe are reasonable, but by their
very nature are subject to a wide range of risks. If our
assumptions prove inaccurate or unknown risks and uncertainties
materialize, actual results could vary materially from the
Hillenbrand's expectations and projections.
Words that could indicate that we are making forward-looking
statements include the following:
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intend
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believe
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plan
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expect
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may
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position
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This is not an exhaustive list, but is intended to give you an
idea of how we try to identify forward-looking statements. The
absence of any of these words, however, does not mean that the
statement is not forward-looking.
Here is the key point: Forward-looking statements
are not guarantees of future performance, and our actual results
could differ materially from those set forth in any forward-looking
statements. Any number of factors, many of which are beyond our
control, could cause our performance to differ significantly from
what is described in the forward-looking statements. Shareholders,
potential investors, and other readers are urged to consider these
risks and uncertainties in evaluating forward-looking statements
and are cautioned not to place undue reliance on the
forward-looking statements. 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
Hillenbrand's Form 10-K for the year ended September 30, 2023, filed with the SEC on
November 15, 2023, and in Part II,
Item 1A of Hillenbrand's Form 10-Q for the quarter ended
December 31, 2023, filed with the SEC
on February 5, 2024. The
forward-looking information in this release speaks only as of the
date hereof, and we assume no obligation to update or revise any
forward-looking information.
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SOURCE Hillenbrand