BATESVILLE, Ind. (AP) -- Hillenbrand Inc., which makes funeral supplies and industrial equipment, said Monday that it secured a new $600 million, five-year credit facility.
The new facility replaces an older $400 million credit facility that was due to expire in 2013.
CEO Kenneth Camp said the new facility would give the company greater flexibility with acquisitions and general operating expenses.
Syndication of the new facility was arranged by JPMorgan Securities LLC and RBS Citizens, N.A.
Shares of Hillenbrand fell 32 cents to $17.38 in afternoon trading Monday.