CHICAGO, Sept. 5, 2019 /PRNewswire/ -- Hill-Rom
Holdings, Inc. ("Hillrom" or the "Company") (NYSE: HRC) today
announced the planned private offering, subject to market and other
conditions, of $425 million in
aggregate principal amount of senior unsecured notes (the "Notes").
The Notes will be guaranteed on a senior unsecured basis by certain
of Hillrom's existing and future wholly owned domestic restricted
subsidiaries.
The Company intends to use the net proceeds from the offering of
the Notes, together with available cash balances, to redeem all of
the Company's outstanding 5.75% Senior Notes due 2023, including
payment of related fees and expenses.
The Notes and related guarantees have not been and will not be
registered under the Securities Act of 1933, as amended (the
"Securities Act") or any state securities laws. The Notes and
related guarantees may not be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. The Notes and related guarantees will be
offered only to persons reasonably believed to be "qualified
institutional buyers" in reliance on the exemption from
registration provided by Rule 144A under the Securities Act and to
certain non-U.S. persons in offshore transactions in reliance on
Regulation S under the Securities Act.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and it is neither an offer to sell nor the
solicitation of an offer to buy any securities in any jurisdiction
in which such an offer, solicitation or sale would be unlawful.
About Hillrom
Hillrom is a global medical technology
leader whose approximately 10,000 employees have a single purpose:
enhancing outcomes for patients and their caregivers by Advancing
Connected CareTM. Around the world, our innovations
touch over 7 million patients each day. They help enable earlier
diagnosis and treatment, optimize surgical efficiency and
accelerate patient recovery while simplifying clinical
communication and shifting care closer to home. We make these
outcomes possible through connected smart beds, patient lifts,
patient assessment and monitoring technologies, caregiver
collaboration tools, respiratory care devices, advanced operating
room equipment and more, delivering actionable, real-time insights
at the point of care. Learn more at hillrom.com.
Disclosure Regarding Forward-Looking Statements
Certain statements herein contain forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995, regarding the Company's future plans, objectives, beliefs,
expectations, representations and projections. It is important to
note that forward-looking statements are not guarantees of future
performance, and the Company's actual results could differ
materially from those set forth in any forward-looking statements.
For a more in-depth discussion of factors that could cause actual
results to differ from those contained in forward-looking
statements, see the discussions under the heading "Risk Factors" in
the Company's previously filed most recent Annual Report on Form
10-K and subsequent Quarterly Reports on Form 10-Q. The Company
assumes no obligation to update or revise any forward-looking
statements, unless required by law.
Investor
Relations
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Contact:
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Mary Kay Ladone,
Senior Vice President, Corporate Development, Strategy and Investor
Relations
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Contact:
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Lorna Williams,
Executive Director, Investor Relations and
Strategy
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Phone:
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312-819-9387
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Phone:
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312-233-7799
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Email:
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marykay.ladone@hillrom.com
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Email:
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lorna.williams@hillrom.com
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Media
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Contact:
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Howard Karesh, Vice
President, Corporate Communications
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Phone:
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312-819-7268
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Email:
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howard.karesh@hillrom.com
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SOURCE Hillrom