Hillenbrand extends facility through 2019, amends leverage covenant

By Angela McDaniels

Tacoma, Wash., Feb. 20 – Hillenbrand, Inc. amended and restated its €150 million syndicated L/G facility agreement on Wednesday to extend the maturity date until at least Dec. 19, 2019, according to an 8-K filing with the Securities and Exchange Commission.

In addition, a financial covenant was amended to allow for an increase in the company’s permitted maximum leverage ratio in connection with acquisitions in excess of $75 million up to two times during the term of the facility agreement.

Commerzbank AG is the lead arranger and bookrunner. Commerzbank AG, Filiale Luxembourg is the agent.

Hillenbrand is a diversified industrial company based in Batesville, Ind., that makes and sells business-to-business products.

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