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Hillman has announced a cash distribution of $0.241666667 per Trust Preferred Security (NYSE-Amex: HLM-P) for July, payable on August 2, 2021. Additionally, the Company will redeem its outstanding 11.6% Junior Subordinated Debentures and Trust Preferred Securities on August 12, 2021, as part of a merger process. The total redemption amount will be $25.09666667 per Trust Preferred Security, affecting holders of record as of that date. The last trading day for these securities on the NYSE will also be August 12, 2021.
The Hillman Companies announced a cash distribution of $0.241667 for each Trust Preferred Security (HLM-P) for June 2021. This distribution will be payable on June 30, 2021, to holders of record as of June 23, 2021. Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware solutions, serving over 40,000 locations across North America. The company prides itself on delivering innovative products and excellent customer service, enhancing the customer experience in various retail and industrial sectors.
CINCINNATI, June 02, 2021 (GLOBE NEWSWIRE) -- HMAN Group Holdings, the parent company of Hillman, announced participation in two virtual investor conferences: the Baird 2021 Global Consumer Conference on June 8 and the Stifel 2021 Virtual Cross Sector Insight Conference on June 9.
Additionally, Hillman has entered a merger agreement with Landcadia III, expected to close in Q2 2021, resulting in Hillman Solutions Corp. being publicly listed on Nasdaq under the new ticker symbol HLMN.
The Hillman Companies announced a monthly cash distribution of $0.241667 per Trust Preferred Security (HLM-P) by Hillman Group Capital Trust, payable on June 1, 2021. Holders of record as of May 24, 2021, will receive this distribution. Founded in 1964 and based in Cincinnati, Ohio, Hillman is a major provider of hardware solutions across North America, serving over 40,000 locations. The company focuses on innovative product merchandising to enhance customer experience within various retail categories, including home improvement and hardware.
The Hillman Companies reported a strong first quarter for 2021, with net sales increasing by 15.4% to $341.3 million compared to $295.8 million in the prior year. The net loss narrowed to $9.0 million from $14.8 million a year prior. Adjusted EBITDA rose by 15.2% to $47.8 million. The company anticipates sustained growth in its Hardware Solutions segment, owing to high repair and remodel activities in North America. Additionally, a planned merger with Landcadia Holdings III aims to simplify capital structure and reduce interest costs.
The Hillman Companies, based in Cincinnati, announced a conference call to discuss its first quarter financial results for the period ending March 27, 2021. The call is scheduled for May 11, 2021, at 8:30 AM EST, accessible by dialing 1-(855)-327-6837. A live audio webcast will also be available on Hillman's Investor Info page. The company is involved in a proposed business combination with Landcadia Holdings III, with relevant documents filed with the SEC. Stockholders are advised to review these materials for pertinent information regarding the transaction.
