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Hillenbrand Completes Divestiture of Minority Stake in TerraSource Holdings

1. Hillenbrand divested its minority stake in TerraSource for $245 million. 2. The transaction provided Hillenbrand with approximately $115 million. 3. Funds from the divestiture will be allocated to debt reduction. 4. Hillenbrand is focused on high-demand markets like plastics, food, and recycling.

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FAQ

Why Bullish?

The divestiture strengthens financial health via debt reduction, similar to past liquidity boosts seen in other firms.

How important is it?

The transaction directly enhances financial stability, which is crucial for investor confidence.

Why Short Term?

Immediate debt reduction impacts liquidity, influencing investor sentiment in the short run.

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ASTECATDE
, /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) announced today that, in conjunction with its majority-stake joint venture partner, it has completed the divestiture of its minority stake interest in TerraSource Holdings (TerraSource) to Astec Industries, in a transaction with a total purchase price of approximately $245 million. Hillenbrand received approximately $115 million from the transaction which is being used to pay down debt. About Hillenbrand Hillenbrand (NYSE: HI) is a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers around the world. Our portfolio is composed of leading industrial brands that serve large, attractive end markets, including durable plastics, food, and recycling. Guided by our Purpose — Shape What Matters For Tomorrow™ — we pursue excellence, collaboration, and innovation to consistently shape solutions that best serve our people, our customers, and our communities. To learn more, visit: www.Hillenbrand.com. SOURCE Hillenbrand WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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