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Home » Hillrom offers $425m in private-placement funding notes

Hillrom offers $425m in private-placement funding notes

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HillromHillrom (NYSE:HRC) said today that it has launched a planned private offering of more than $400 million in senior unsecured notes.

The Chicago-based medtech company said it intends to use the proceeds from the $425 million offering, along with available cash, to redeem its outstanding 5.75% senior notes due in 2023, including the payment of related fees and expenses.

It’s been a busy summer for the company, which announced its rebranding from Hill-Rom to Hillrom in May, then inked a $170 million deal to sell surgical supplies to Audax in July before agreeing to pay $130 million to acquire Breathe Technologies in August.

The company posted profits of $32.6 million in fiscal Q3, topping the Wall Street consensus. Shares of HRC were up +0.5% at $105.73 in late-morning trading.

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