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The Hillman Companies completed syndication of $1,185 million in new term loans for refinancing ahead of its merger with Landcadia Holdings III Inc. This includes a $250 million asset-based revolving credit facility. The term loans, oversubscribed by four times, will consist of a $835-$985 million Term Loan and a $200 million Delayed-Draw Term Loan, with favorable interest rates. The merger, expected to close in Q2 2021, will rebrand the combined entity as Hillman Solutions Corp. and list on Nasdaq under the ticker HLMN.
The Hillman Companies, Inc. reported robust fourth quarter and full year 2020 results, marked by a 14.8% increase in quarterly net sales to $327.1 million. Adjusted EBITDA rose 22.7% to $43.1 million, while net losses narrowed to $14.0 million. Full year net sales climbed 12.7% to $1,368.3 million, and adjusted EBITDA increased 23.8% to $221.2 million, with net losses reduced to $24.5 million. The company successfully completed a $1.185 billion debt syndication related to its planned merger with Landcadia III, aimed at simplifying capital structure and reducing interest costs.
The HMAN Group Holdings Inc. and Landcadia Holdings III announced a merger agreement on January 25, 2021, to make Hillman a publicly listed entity. The merger aims to finalize in Q2 2021, resulting in Hillman Solutions Corp., trading under the new ticker symbol “HLMN” on Nasdaq. Hillman, established in 1964, provides innovative hardware solutions to over 42,000 customers in North America. Additionally, Hillman management is set to attend Raymond James’ 42nd Annual Institutional Investors Conference on March 2, 2021.
The Hillman Companies has declared a cash distribution of $0.241667 per Trust Preferred Security (HLM_P) for February 2021. This distribution will be payable on March 1, 2021 to holders of record as of February 19, 2021. Hillman, founded in 1964 and based in Cincinnati, Ohio, provides hardware solutions to over 42,000 customers, emphasizing customer service and innovative merchandising. For more information, visit Hillman's website.
Hillman Group and Landcadia III have announced a definitive merger agreement that will see Hillman become publicly listed under the new ticker symbol HLMN. The transaction values Hillman at an enterprise value of approximately $2.64 billion. CCMP Capital will remain the largest shareholder as it has a history of creating value. Institutional investors, led by Wells Capital Management, are set to invest $375 million at closing to support growth initiatives. The merger is expected to close in Q2 2021 and will enhance Hillman's capital structure to pursue organic growth and acquisitions.
The Hillman Companies has announced a cash distribution for January amounting to $0.241667 per Trust Preferred Security (HLM_P). This payout is scheduled for February 1, 2021, to holders of record as of January 22, 2021. The company, founded in 1964 and based in Cincinnati, Ohio, is a prominent provider of hardware solutions, serving over 38,000 customers. Hillman emphasizes innovative products and strong customer service across various sectors, including home improvement and industrial markets.
The Hillman Companies has declared a cash distribution of $0.241667 for each Trust Preferred Security (HLM-P) payable on December 31, 2020. This distribution is for holders of record as of December 21, 2020. Hillman, founded in 1964 and headquartered in Cincinnati, is a leader in providing complete hardware solutions to over 38,000 customers. The company is recognized for delivering innovative products and exceptional customer service across various retail sectors.
The Hillman Companies announced a cash distribution of $0.241667 for each Trust Preferred Security (NYSE-Amex: HLM_P) for November 2020. This distribution is payable on November 30, 2020, to holders of record by November 19, 2020. Hillman, founded in 1964 and headquartered in Cincinnati, is a leading provider of complete hardware solutions, serving over 38,000 customers including home improvement centers and industrial clients.
The Hillman Companies plans to host a conference call on October 26, 2020, at 4:00 PM EDT to discuss its financial results for the quarter ending September 26, 2020. Participants can join by calling 1-(866) 673-2033 with conference ID 5142215. A live audio webcast will also be accessible on their website, with replay options available post-call. Founded in 1964 and based in Cincinnati, Hillman provides complete hardware solutions, catering to over 38,000 customers through a robust distribution and sales network.
The Hillman Companies announced a cash distribution of $0.241667 per Trust Preferred Security (NYSE-Amex: HLM_P) for October 2020. This distribution is payable on November 2, 2020 to holders of record by October 22, 2020. Founded in 1964 and based in Cincinnati, Ohio, Hillman is a prominent supplier of hardware solutions, serving over 38,000 customers. The company aims to provide innovative products and exceptional customer service to home improvement centers, mass merchants, and various customers.