Hillenbrand Prices Offering Of $500M 6.2500% Senior Unsecured Notes Due 2029
Portfolio Pulse from Benzinga Newsdesk
Hillenbrand, Inc. (NYSE:HI) has priced a public offering of $500M in 6.2500% senior unsecured notes due 2029, aiming to close by February 14, 2024. The proceeds will be used to repay borrowings under its revolving credit facility and for general corporate purposes.
February 08, 2024 | 7:47 am
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Hillenbrand's $500M offering of 6.2500% senior unsecured notes due 2029 aims to strengthen its financial position by repaying existing borrowings.
The offering is likely to be viewed positively by investors as it demonstrates proactive financial management by Hillenbrand. By repaying borrowings under its revolving credit facility, the company is effectively managing its debt levels, which could lead to improved financial stability and potentially better credit ratings in the future. However, the impact on the stock price will also depend on market conditions and investor sentiment towards corporate debt levels.
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