Quarterly report pursuant to Section 13 or 15(d)

Financing Agreements (Tables)

v3.20.1
Financing Agreements (Tables)
6 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of borrowings under financing agreements
Financing Agreements

The following table summarizes Hillenbrand’s current and long-term debt as of the dates reported in the Consolidated Balance Sheets:
 
March 31,
2020
 
September 30,
2019
$900.0 revolving credit facility (excluding outstanding letters of credit)
$
537.6

 
$

$500.0 term loan facility (1)
492.3

 

$375.0 senior unsecured notes, net of discount (2)
370.4

 
370.1

$225.0 term loan facility (3)
221.8

 

$150.0 senior unsecured notes, net of discount (4)
149.9

 
149.7

$100.0 Series A Notes (5)
99.7

 
99.7

Other
1.6

 

Total debt
1,873.3

 
619.5

Less: current portion
46.7

 

Total long-term debt
$
1,826.6

 
$
619.5


Schedule of maturities of long-term debt
The following table summarizes the scheduled maturities of long-term debt for 2020 through 2024:
 
Amount
2020 (remaining six months) (1)
$
177.2

2021
36.2

2022
54.4

2023
223.2

2024
587.6

 
(1) 
Includes the $150.0 senior unsecured notes which mature in July 2020. Upon maturity, the Company expects to refinance the notes on a long-term basis.  The Company has the intent and believes it has the ability to refinance the notes due to expected available borrowing capacity under the Revolver, although the financing source ultimately used to refinance the notes may be different.  As such, these obligations continue to be classified as long-term debt within the Consolidated Balance Sheets.