Hillman Solutions launches $1.1B debt refinancing, reports Q2 sales

Hillman Solutions Corp. (Nasdaq: HLMN) has launched a refinancing of its existing debt and released preliminary financial results for the second quarter of fiscal 2026, according to a company statement.

The proposed refinancing consists of a $735 million senior secured Term Loan B maturing in 2033 and a $375 million senior secured asset-based revolving credit facility maturing in 2031. The proceeds are expected to retire the company's existing Term Loan B due 2028 and pay down its existing ABL facility due 2027. Jefferies is leading the arranger group for the new Term Loan B, while U.S. Bank is leading the group for the new ABL facility. The company noted there is no assurance the transaction will be completed on the described terms or at all.

For the thirteen weeks ended June 27, 2026, Hillman estimated preliminary net sales of between $440 million and $444 million, representing a year-over-year increase of 9% to 10%. Operating income is estimated between $40 million and $42 million, up 10% to 16% from the prior-year period. Adjusted EBITDA, a non-GAAP measure, is estimated between $76 million and $78 million, an increase of 1% to 4%.

The company reiterated its full-year 2026 guidance, projecting net sales of $1.630 billion to $1.730 billion, adjusted EBITDA of $275 million to $285 million, and free cash flow of $100 million to $120 million. The guidance was last provided on April 27, 2026.

The preliminary results are unaudited and have not been reviewed by the company's independent auditor, Deloitte & Touche LLP. Final results may differ materially from these estimates.

Hillman plans to release its full second-quarter earnings after market close on August 3, 2026, with a conference call scheduled for August 4, 2026 at 8:30 a.m. Eastern Time.

You May Also Be Interested In

• BofA maintains underperform ratings on six BDC stocks
• Investing.com’s stocks of the week
• UBS Upgrades Apollo Tyres (APTY:IN) to Buy