Hillman Successfully Reprices Senior Term Loan Lowering Interest Expense
Hillman Solutions Corp. (HLMN)
Company Research
Source: GlobeNewswire
CINCINNATI, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, successfully repriced its existing $643 million Term Loan due July 14, 2028. The repricing reduces Hillman’s interest rate margin by 25 basis points to SOFR + 200 basis points, based on current leverage and elections. The expected annualized interest savings are approximately $1.6 million, before one-time fees of approximately $1.0 million. “Hillman’s financial strength continues to improve, giving us the opportunity to narrow the spread on our term note and lower our cost of borrowing by another 25 basis points,” commented Rocky Kraft, Hillman’s chief financial officer. Since March of 2024, the spread between Hillman’s term note borrowing cost and SOFR has been reduced by a total of 86 basis points, of which 61 basis points were due to repricing and 25 basis points were due to qualifying for a low
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- Hillman Reports Record Third Quarter 2025 ResultsGlobeNewswire
HLMN
Earnings
- 11/4/25 - Beat
HLMN
Analyst Actions
- 11/24/25 - Canaccord Genuity
HLMN
Sec Filings
- 11/4/25 - Form 10-Q
- 11/4/25 - Form 8-K
- 9/19/25 - Form 8-K
- HLMN's page on the SEC website