Hillenbrand Receives $151 Million from Forethought Financial Group in Payoff of Note Receivable (HI)

Hillenbrand HI received $151 million from Forethought Financial Group, representing full and final payment of principal and interest on a note receivable that was contractually due in 2014. The early payoff was at par and, therefore, no gain or loss resulted from the transaction. The collection in full of this material asset significantly provides substantial capital for strategic growth initiatives, further strengthens Hillenbrand's credit profile and eliminates collection risk associated with this note.