HILLENBRAND,INC. (NYSE:HI) Files An 8-K Entry into a Material Definitive Agreement

HILLENBRAND,INC. (NYSE:HI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

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Amended and Restated Credit Agreement

On December8, 2017, Hillenbrand,Inc. (the “Company”) entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) among the Company (along with its subsidiary borrowers and subsidiary guarantors), the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders. The Credit Agreement amends and restates the Company’s amended and restated credit agreement, dated as of November19, 2012 (as amended), which provided for a revolving credit facility of up to $700 million in the aggregate principal amount and a term loan in an original principal amount of $180 million.

The Credit Agreement increases the maximum principal amount available for borrowing under the revolving credit facility from $700 million to $900 million. In connection with the Credit Agreement, the Company repaid the existing term loan in full. The amount available for borrowing under the Credit Agreement may be expanded, subject to the approval of the lenders providing the additional loans, by an additional $450 million in the aggregate principal amount. The maturity date of the Credit Agreement is extended to December8, 2022.

In addition, the Credit Agreement provides the Company increased flexibility in, among other things, its financial covenants, its asset sale covenant and, specifically with respect to its non-U.S. subsidiaries, its indebtedness covenant.

Amendment No.4 to Private Shelf Agreement

On December8, 2017, the Company (along with its subsidiary guarantors) entered into the Amendment No.4 to Private Shelf Agreement (the “Shelf Amendment”), which amends the Private Shelf Agreement, among the Company, the subsidiary guarantors, PGIM,Inc. (f/k/a Prudential Investment Management,Inc.) and each Prudential Affiliate (as defined therein) bound thereby, dated December6, 2012 (as amended), to which the Company issued its $100 million, 4.60% SeriesA Notes maturing December15, 2024. The Shelf Amendment, among other things, provides the Company increased flexibility in its financial covenants, its asset sale covenant and, specifically with respect to its non-U.S. subsidiaries, its indebtedness covenant.

The foregoing descriptions of the Credit Agreement and Shelf Amendment are qualified in their entirety by reference to the full text of the Second Amended and Restated Credit Agreement and Amendment No.4 to Private Shelf Agreement, copies of which are filed as Exhibit10.1 and Exhibit10.2, respectively, to this Current Report on Form8-K and incorporated herein by reference.


Hillenbrand, Inc. Exhibit
EX-10.1 2 a17-28260_2ex10d1.htm EX-10.1 Exhibit 10.1   EXECUTION COPY       SECOND AMENDED AND RESTATED CREDIT AGREEMENT   dated as of   December 8,…
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About HILLENBRAND,INC. (NYSE:HI)

Hillenbrand, Inc. is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world. The Process Equipment Group segment is a provider of compounding, extrusion and material handling; size reduction; screening and separating, and flow control products and services for a range of manufacturing and other industrial processes. It offers equipment for industries, including plastics, chemicals, fertilizers and mining. Its Batesville segment operates in the North American death care industry, and manufactures and sells funeral service products, including burial caskets, cremation caskets, containers and urns, selection room display fixtures, other personalization and memorialization products, and Web-based technology applications.

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