Hillman Solutions reprices senior term loan lowering interest expense

Hillman Solutions (HLMN) repriced its existing $643M Term Loan due July 14, 2028. The repricing reduces Hillman’s interest rate margin by 25 basis points to SOFR + 200 basis points, based on current leverage and elections. The expected annualized interest savings are approximately $1.6M, before one-time fees of approximately $1M.