SEC Filings
8-K | |
HRG GROUP, INC. filed this Form 8-K on 08/09/2016 | |
Entire Document |
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HRG State of the Business
5
Consumer
Products
Asset Management Energy Other
Insurance &
Reinsurance
Record third
quarter results
overall and for the
Home and Garden
and HHI segments
Strong organic
topline growth
continues
F/X headwinds
moderating
Record fiscal year
expected for
revenue, Adjusted
EBITDA, cash flow
1. Reflects the aggregate principal amount of debt outstanding at HRG as of June 30, 2016, excluding issuance discounts, and does not give effect to debt held by the subsidiaries. 2. As of June 30, 2016; includes $26.2 billion of
assets held for sale related to Fidelity & Guaranty Life. 3. As of June 30, 2016, corporate cash, cash equivalents and investments held at HRG.
Debt1: $1.75BN
Consolidated Assets2: ~$35.8BN
Cash and Investments3: $210.3MM
Continuing to
progress with
closing FGL’s
transaction with
Anbang
We continue to work
closely with Anbang
and are engaged
with the regulators
The parties are
committed to
obtaining the
applicable
regulatory approvals
In July, reached
agreement to sell
our interest in
Compass
Transaction
proceeds are
greater than the
outstanding credit
facility balance,
eliminating HRG’s
guarantee
Sells all of our
interests in oil &
gas businesses
Wind down of Salus
nearly complete:
ABL receivable
nearly 80% lower
since start of fiscal
year
Operations of
Energy &
Infrastructure
Capital wound
down during the
quarter
As previously
disclosed, following
the close of the
FGL transaction,
we will inform the
market about the
use of proceeds
We remain
committed to
pursuing strategies
that maximize
shareholder value
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