Moody's could cut Hillenbrand

Moody's Investors Service said it placed Hillenbrand, Inc.'s ratings on review for downgrade following the announcement that the company signed a definitive agreement to acquire Coperion Capital GmbH for roughly €408 million, which includes the assumption of an estimated €76 million of net debt and €100 million pension liability.

Hillenbrand will fund the purchase with a combination of cash on hand and drawings under its $600 million revolving credit facility.

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