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Hillenbrand to pay down revolver drawings with notes proceeds
By Sara Rosenberg
New York, Feb. 7 – Hillenbrand Inc. plans to repay borrowings under its revolving credit facility using proceeds from a $500 million senior notes offering, according to a market source.
Remaining proceeds from the notes offering will be used for general corporate purposes, including the repayment of other debt.
Hillenbrand is a Batesville, Ind.-based diversified industrial company.
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