Hillman Solutions Corp. filed a Form 8-K on September 3, 2026, disclosing the August 28, 2026 completion of its acquisition of Kanebridge, LLC for an aggregate purchase price of approximately $315 million, along with a related $200.0 million term loan amendment.

Key Highlights

  • Acquisition closed: Hillman Solutions completed the purchase of Kanebridge, LLC on August 28, 2026, through a wholly owned subsidiary.
  • Purchase price: The aggregate consideration was approximately $315 million, subject to customary post-closing adjustments for cash, indebtedness, working capital, and transaction expenses.
  • New term loans: Amendment No. 1 to the Term Loan Credit Agreement provided $200.0 million of additional senior secured term loans to help fund the acquisition.
  • Loan pricing: The Additional Term Loans are priced at the borrower's option at either SOFR plus 2.00% or ABR plus 1.00%.
  • Maturity date: The Additional Term Loans mature on July 22, 2033, the same date as the company's existing senior secured term loans.
  • Funding mix: The acquisition was funded through a combination of cash on hand, borrowings under the existing revolving credit facility, and proceeds from the Additional Term Loans.

Hillman Solutions Completes Kanebridge Deal and Amends Term Loan Facility

According to the filing, Hillman Solutions Corp. (NASDAQ:HLMN), incorporated in Delaware and headquartered in Cincinnati, Ohio, closed its acquisition of Kanebridge, LLC on August 28, 2026. The transaction was made pursuant to an Equity Purchase Agreement dated July 31, 2026. The company reported that the aggregate purchase price was approximately $315 million, subject to customary post-closing adjustments for cash, indebtedness, working capital, and transaction expenses.

In connection with the closing, Hillman's wholly owned subsidiaries, The Hillman Companies, Inc. and The Hillman Group, Inc., entered into Amendment No. 1 to the Term Loan Credit Agreement, originally dated July 22, 2026, with Jefferies Finance LLC serving as administrative agent. The amendment, the filing disclosed, provides for $200.0 million of additional senior secured term loans carrying the same terms and maturity as the existing facility. The Additional Term Loans do not contain any financial maintenance covenants, according to the filing, and include "usual and customary representations and warranties, covenants and events of default customary for facilities of this type."

The filing states that the Additional Term Loans are guaranteed by The Hillman Companies, Inc. and, subject to certain exceptions, the borrower's material wholly owned domestic subsidiaries, and are secured by substantially all of the borrower's and guarantors' assets. On September 3, 2026, the company issued a press release announcing the completion of the acquisition, which was attached to the filing as Exhibit 99.1. The filing was signed by Robert O. Kraft, Chief Financial Officer.

What Was Disclosed

Hillman Solutions disclosed the August 28, 2026 closing of the Kanebridge, LLC acquisition for approximately $315 million, funded by cash, revolving credit borrowings, and $200.0 million of new senior secured term loans maturing July 22, 2033, added via Amendment No. 1 to its Term Loan Credit Agreement.