Hillman Solutions Corp. Files 8-K for Material Agreement
Ticker: HLMN · Form: 8-K · Filed: Mar 26, 2024 · CIK: 1822492
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
Hillman Solutions Corp. signed a big deal, details to follow.
AI Summary
On March 26, 2024, Hillman Solutions Corp. filed an 8-K to report the entry into a material definitive agreement and to file financial statements and exhibits. The filing does not disclose specific details of the agreement or the financial statements.
Why It Matters
This filing indicates a significant event for Hillman Solutions Corp., likely involving a new contract or partnership, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing is a standard 8-K for a material agreement, but the lack of specific details about the agreement itself introduces some uncertainty.
Key Players & Entities
- Hillman Solutions Corp. (company) — Registrant
- Landcadia Holdings III, Inc. (company) — Former company name
FAQ
What is the nature of the material definitive agreement entered into by Hillman Solutions Corp.?
The filing does not specify the details of the material definitive agreement.
When was the material definitive agreement entered into?
The earliest event reported was on March 26, 2024.
What is the primary business of Hillman Solutions Corp.?
Hillman Solutions Corp. is in the CUTLERY, HANDTOOLS & GENERAL HARDWARE industry (SIC 3420).
What is the state of incorporation for Hillman Solutions Corp.?
Hillman Solutions Corp. is incorporated in Delaware.
What was the former name of Hillman Solutions Corp.?
The former name of Hillman Solutions Corp. was Landcadia Holdings III, Inc.
Filing Stats: 714 words · 3 min read · ~2 pages · Grade level 10.3 · Accepted 2024-03-26 16:18:11
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share HLMN The Nasdaq Stock Market
Filing Documents
- hlmn-20240326.htm (8-K) — 31KB
- hillman-amendmentno2tocred.htm (EX-10.1) — 121KB
- hillmanpr-termnoterepricin.htm (EX-99.1) — 12KB
- hlmn-20240326_g1.jpg (GRAPHIC) — 118KB
- image_0a.jpg (GRAPHIC) — 28KB
- 0001822492-24-000059.txt ( ) — 589KB
- hlmn-20240326.xsd (EX-101.SCH) — 2KB
- hlmn-20240326_lab.xml (EX-101.LAB) — 21KB
- hlmn-20240326_pre.xml (EX-101.PRE) — 12KB
- hlmn-20240326_htm.xml (XML) — 3KB
01
Item 1.01 Entry into a Material Definitive Agreement. On March 26, 2024, Hillman Solutions Corp.'s (the " Company ") whollyowned subsidiaries, The Hillman Companies, Inc., (" Holdings ") and The Hillman Group, Inc. (the " Borrower "), entered into Amendment No. 2 to the existing term loan credit agreement (the " Second Term Loan Amendment ") with Jefferies Finance LLC, as administrative agent, to make certain changes to reduce the Applicable Rate of the term loan by 25 bps and eliminate the Term SOFR Adjustment (each as defined in the Existing Term Loan Credit Agreement). The Second Term Loan Amendment amends the Term Loan Credit Agreement, dated as of July 14, 2021, as amended by that certain Amendment No. 1 dated as of June 30, 2023 (the " Existing Term Loan Credit Agreement "), by and among the Borrower, Holdings, the financial institutions party thereto as Lenders, and Jefferies Finance LLC, as administrative agent. The foregoing descriptions of the Second Term Loan Amendment and the Existing Term Loan Credit Agreement do not purport to be complete and are qualified in their entirety by the terms and conditions of the Second Term Loan Amendment and the Existing Term Loan Credit Agreement. A copy of the Second Term Loan Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The press release announcing the Second Term Loan Amendment is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Amendment No. 2 to the Term Loan Credit Agreement, dated as of March 2 6 , 202 4 , by and among The Hillman Companies, Inc., The Hillman Group, Inc., and Jefferies Finance LLC, as administrative agent . 99.1 Press Release Announcing Term Loan Repricing , dated March 2 6 , 202 4 .
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. Date: March 26, 2024 Hillman Solutions Corp. By: /s/ Robert O. Kraft Name: Robert O. Kraft Title: Chief Financial Officer