Hillenbrand is focused on paying down debt levels over next two years

By Devika Patel

Knoxville, Tenn., Sept. 25 – Hillenbrand, Inc. is taking on more leverage than it normally would, but the company will be “heavily focused” on repaying this debt over the next two years.

“From a free cash flow perspective, we will be allocating free cash flow towards paying down debt,” president and chief executive officer Joe A. Raver said at the Sidoti & Co. Fall 2019 conference in New York on Wednesday.

“[We will be] very focused on that over the next 12 to 18 to 24 months.

“We are taking on more debt, but then we’ll be very focused on paying that debt down.

“We’re taking on more leverage than we normally would, so we’ll be heavily focused on paying down debt over the coming couple of years, 12 to 18 months, to get it squarely back into our investment-grade metrics, which we value very much,” he said.

Batesville, Ind.-based Hillenbrand owns industrial companies that include the Batesville Casket Co.

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