Hillman Announces Secondary Offering of Common Stock by Selling Stockholders
May 10 2023 - 4:06PM
Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or
“Hillman”), a leading provider of hardware products and
merchandising solutions, today announced that funds affiliated with
CCMP Capital Advisors, LP (the “Selling Stockholders”) intend to
offer for sale their remaining interest in the Company, 22,455,000
shares of the Company’s common stock, through an underwritten
public offering (the “Offering”). The Offering consists entirely of
shares of common stock to be sold by the Selling Stockholders, and
the Company will not receive any proceeds from the sale of the
shares being offered by the Selling Stockholders.
Jefferies is acting as underwriter for the Offering.
The Company has filed a registration statement on Form S-3 (as
converted by post-effective amendment) (Registration No.
333-258823) (including a base prospectus), which has been declared
effective by the Securities and Exchange Commission (“SEC”). The
Company has also filed a preliminary prospectus supplement with the
SEC for the Offering. The Offering will be made only by means of a
prospectus supplement and an accompanying prospectus. Before you
invest, you should read the prospectus included in that
registration statement as well as the prospectus supplement related
to this offering. You may get these documents for free by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, copies of
the preliminary prospectus supplement and accompanying prospectus,
as well as copies of the final prospectus supplement once
available, may be obtained by contacting: Jefferies LLC, at
Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, 2nd Floor, New York, New York 10022, by telephone at
877-821-7388, or by email at
prospectus_department@jefferies.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Hillman
Solutions Corp.Founded in 1964
and headquartered in Cincinnati, Ohio, Hillman Solutions Corp.
(“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.
Forward-Looking StatementsThis
communication contains certain forward-looking statements,
including, but not limited to, certain disclosures related to
acquisitions, refinancing, capital expenditures, resolution of
pending litigation, and realization of deferred tax assets, which
are not historical facts and are subject to numerous assumptions,
risks, and uncertainties. Statements that do not describe
historical or current facts, including statements about beliefs and
expectations, are forward-looking statements.
All forward-looking statements are made in good faith by the
Company and are intended to qualify for the safe harbor from
liability established by Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934, and the Private
Securities Litigation Reform Act of 1995. You should not rely on
these forward-looking statements as predictions of future events.
Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan,"
"target," "goal," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements.
These forward-looking statements include, without limitation,
the Company’s expectations with respect to future performance.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside the Company's control and are difficult to predict. Factors
that may cause such differences include, but are not limited to:
(1) our ability to complete the proposed secondary securities
offering on the terms described or at all; (2) unfavorable economic
conditions that may affect operations, financial condition and cash
flows including spending on home renovation or construction
projects, inflation, recessions, instability in the financial
markets or credit markets; (3) increased supply chain costs,
including raw materials, sourcing, transportation and energy; (4)
the highly competitive nature of the markets that we serve; (5)
ability to continue to innovate with new products and services; (6)
seasonality; (7) large customer concentration; (8) ability to
recruit and retain qualified employees; (9) the outcome of any
legal proceedings that may be instituted against the Company; (10)
adverse changes in currency exchange rates; (11) the impact of
COVID-19 on the Company’s business; or (12) regulatory changes and
potential legislation that could adversely impact financial
results. The foregoing list of factors is not exclusive, and
readers should also refer to those risks that are included in the
Company’s filings with the SEC, including the Annual Report on Form
10-K filed on February 27, 2023 and the Quarterly Report on Form
10-Q filed on May 9, 2023. Given these uncertainties, current or
prospective investors are cautioned not to place undue reliance on
any such forward looking statements.
Except as required by applicable law, the Company does not
undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements
in this communication to reflect any change in its expectations or
any change in events, conditions or circumstances on which any such
statement is based.
ContactMichael KoehlerVice President of
Investor Relations & Treasury
513-826-5495IR@hillmangroup.com
Source: Hillman Solutions Corp.
Source: The Hillman Group
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