Hillenbrand Announces New $600 Million Credit Facility
Hillenbrand (NYSE: HI) has successfully replaced its $400 million revolving credit facility, which was due to expire in early 2013, with a new $600 million multi-currency revolving facility. The new credit facility has a five-year term.
"This new credit facility provides us additional financial flexibility to support both our acquisition strategy and ongoing operations," said Kenneth A. Camp, President and Chief Executive Officer of Hillenbrand. "The enhanced features allow us to more efficiently provide capital to our growing international operations in their local currencies," he added.
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