Hillman closes USD 735 million Term Loan B refinancing, extends maturity to 2033
HLMN•Term Loan B refinancing and new revolver
- Hillman closed a refinancing with a USD 735 million senior secured Term Loan B, extending maturity to July 2033.
- It also put in place a USD 375 million ABL revolving credit facility, maturing in July 2031; the facility currently has a zero balance.
- Term Loan B proceeds refinanced the existing term loan, repaid borrowings under the prior revolver, funded related fees and expenses.
- The Term Loan B is priced at SOFR +200 basis points; the ABL Revolver is priced at SOFR +125 basis points.
