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Hillenbrand plans debt repayment, including term loan borrowings
Chicago, Feb. 24 – Hillenbrand, Inc. announced that it plans to use a new $350 million issue of 10-year notes to repay debt, and cited a partial repayment of borrowings under its $500 million term loan facility as a use of proceeds in the new offering, according to a press release.
The company will replenish cash after any such debt repayment.
The new notes priced on Wednesday.
The issuer is a Batesville, Inc.-based diversified industrial company.
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