Hillman Group Capital Trust Announces Cash Distribution and Redemption of Trust Preferred Securities
July 13 2021 - 3:15PM
The Hillman Companies, Inc. (“Hillman” or the “Company”) announced
today that a cash distribution has been declared by Hillman Group
Capital Trust for the month of July in the amount of $0.241666667
for each Trust Preferred Security (NYSE-Amex: HLM_P). The
distribution will be payable August 2, 2021 to holders of
record as of July 23, 2021.
On July 13, 2021, in anticipation of the merger
contemplated by the Agreement and Plan of Merger, dated as of
January 24, 2021, by and among Landcadia Holdings III, Inc.
(“Landcadia”), Helios Sun Merger Sub, Inc. (“Merger Sub”), HMAN
Group Holdings Inc. (“Hillman Holdco”) and CCMP Sellers’
Representative, LLC, solely in its capacity as representative of
the stockholders of Hillman Holdco (the “Merger”), Hillman
delivered a notice of redemption for all of its outstanding 11.6%
Junior Subordinated Debentures due 2027 (the “Debentures”) on
August 12, 2021 (the “Redemption Date”) and the Hillman Group
Capital Trust delivered a notice of redemption for all of its
issued and outstanding shares of Trust Preferred Securities at a
redemption price in cash of $25 per Trust Preferred Security, plus
an amount equal to the accrued and unpaid distributions thereon to
the Redemption Date. The total amount payable upon redemption will
be $25.09666667 per Trust Preferred Security and will be payable
August 12, 2021 to holders of record as of August 12, 2021. Hillman
is redeeming the Debentures and the Trust Preferred Securities in
connection with the consummation of the Merger and such securities
will cease to be outstanding as of August 12, 2021. The last day of
trading for the Trust Preferred Securities on the New York Stock
Exchange will be August 12, 2021.
About HillmanFounded in 1964
and headquartered in Cincinnati, Ohio, Hillman is a leading North
American provider of complete hardware solutions, delivered with
industry best customer service to over 40,000 locations. Hillman
designs innovative product and merchandising solutions for complex
categories that deliver an outstanding customer experience to home
improvement centers, mass merchants, national and regional hardware
stores, pet supply stores, and OEM & Industrial customers.
Leveraging a world-class distribution and sales network, Hillman
delivers a “small business” experience with “big business”
efficiency. For more information on Hillman, visit
www.hillmangroup.com.
Contacts
Investor RelationsRodny Nacier / Brad Cray IR@hillmangroup.com
(513) 826-5495
Public RelationsPhil Denning / Doug
Donskymedia@hillmangroup.com
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