Hillman to get new credit facility for buyout by Oak Hill Capital

By Sara Rosenberg

New York, April 22 - Hillman Cos. Inc. plans on getting a new credit facility to help fund its buyout by Oak Hill Capital Partners, according to a market source.

Barclays Capital, Morgan Stanley and GE Antares are the lead banks on the deal.

Under the agreement, Oak Hill is buying the company from Code Hennessy & Simmons, Ontario Teachers' Pension Plan and certain members of company management for about $815 million.

Other funding for the acquisition will come from equity.

The completion of the transaction is expected in the second quarter, subject to regulatory approvals and customary conditions.

Hillman is a Cincinnati-based distributor of SKUs, including fasteners, key duplication systems, engraved tags and related hardware items.

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