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Last $12.89 USD
Change Today +0.26 / 2.06%
Volume 561.0K
HRG On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

hrg group inc (HRG) Snapshot

Open
$12.61
Previous Close
$12.63
Day High
$12.91
Day Low
$12.60
52 Week High
12/30/14 - $14.32
52 Week Low
06/4/14 - $11.39
Market Cap
2.6B
Average Volume 10 Days
711.2K
EPS TTM
$-0.08
Shares Outstanding
201.2M
EX-Date
11/3/98
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HRG GROUP INC (HRG)

hrg group inc (HRG) Related Businessweek News

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hrg group inc (HRG) Details

HRG Group, Inc., through its subsidiaries, provides various branded consumer products. The company operates in four segments: Consumer Products, Insurance, Energy, and Financial Services. Its product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, rechargeable batteries and chargers, hearing aid batteries, other specialty batteries, and portable lighting products; small appliances comprising small kitchen appliances and home product appliances; and pet supplies consisting of aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products, and bedding products. The company’s product portfolio also comprises hardware and home improvement products, including residential locksets, builders hardware, and plumbing products; home and garden control products, such as household insect controls, insect repellents, and herbicides; electric shaving and grooming devices; and electric personal care and styling devices. HRG Group, Inc. offers its products under various brand names. The company sells its products through retailers, wholesalers and distributors, hearing aid professionals, industrial distributors, and original equipment manufacturers. In addition, it provides life insurance and annuity products through independent agents, managing general agents, and specialty brokerage firms; long-term reinsurance to specialty insurance sector of fixed, deferred, and payout annuities; asset management services; and secured asset-based loans to various industries, as well as is engaged in owning, operating, acquiring, exploiting, and developing conventional oil and natural gas assets in the United States. The company was formerly known as Harbinger Group Inc. and changed its name to HRG Group, Inc. in March 2015. HRG Group, Inc. was founded in 1954 and is headquartered in New York, New York.

14,427 Employees
Last Reported Date: 11/21/14
Founded in 1954

hrg group inc (HRG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Managing Director, Executive Vice President o...
Total Annual Compensation: $500.0K
Chief Accounting Officer and Vice President
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2014.

hrg group inc (HRG) Key Developments

HRG Group, Inc. Enters into Two Note Purchase Agreements with the Respective Purchasers of Senior Secured Notes

On May 11, 2015, HRG Group, Inc. entered into two note purchase agreements with the respective purchasers named in each. Pursuant to one purchase agreement, the company sold $160 million aggregate principal amount of 7.875% Senior Secured Notes due 2019. The new secured notes will be issued under the company’s existing indenture, dated as of December 24, 2012, amended by the supplemental indenture, dated May 23, 2014, by and between the company and Wells Fargo Bank, National Association, a national banking association, as trustee, governing the company’s $704.4 million aggregate principal amount of 7.875% Senior Secured Notes due 2019. The new secured notes were priced at 104.500% of par plus accrued interest from January 15, 2015. Pursuant to the other purchase agreement, the company sold $140 million aggregate principal amount of 7.750% Senior Notes due 2022. The New Unsecured Notes will be issued under the company’s existing indenture, dated as of January 21, 2014, by and between the company and Wells Fargo Bank, National Association, a national banking association, as trustee, governing the company’s $750 million aggregate principal amount of 7.750% Senior Notes due 2022. The New Unsecured Notes were priced at 98.51% of par plus accrued interest from January 15, 2015. The company expects to use the net proceeds from the issuance of the new secured notes for working capital by it and its subsidiaries and for general corporate purposes, including further investments in the company’s existing businesses and the financing of future acquisitions and businesses. The company expects to use the net proceeds from the issuance of the new unsecured notes and available cash on hand to make an equity investment through one of its wholly owned subsidiaries in Spectrum Brands Holdings, Inc., a subsidiary of HRG, in connection with Spectrum Brands’ acquisition of Armored AutoGroup Parent Inc.

HRG Group Offers $300 Million of Notes

HRG Group Inc. is offering $150.0 million of 7.875% senior secured notes due 2019 and, in a separate offer, $150.0 million of 7.750% senior notes due 2022. The initial purchasers will offer the notes to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The company expects to use the net proceeds from the issuance of the 7.875% notes for working capital by it and its subsidiaries and for general corporate purposes, including further investments in existing businesses and the financing of future acquisitions and businesses. The company expects to use the net proceeds from the issuance of the 7.750% notes and available cash on hand to make an equity investment through one of its wholly owned subsidiaries in Spectrum Brands Holdings Inc., a subsidiary of HRG, in connection with Spectrum Brands' acquisition of Armored AutoGroup Parent Inc. The offerings are not contingent on each other, nor are they conditioned on the completion of the Armored AutoGroup acquisition. The offerings are subject to market conditions and other factors.

HRG Group, Inc. Announces Launch of Tack-On Notes Offerings

HRG Group, Inc. announced an offering of $150.0 million in aggregate principal amount of its 7.875% Senior Secured Notes due 2019 and a separate offering of $150.0 million in aggregate principal amount of its 7.750% Senior Notes due 2022. The 7.875% Notes are to be issued under the indenture governing HRG's outstanding 7.875% Senior Secured Notes due 2019 and the 7.750% Notes are to be issued under the indenture governing HRG's outstanding 7.750% Senior Notes due 2022. The company expects to use the net proceeds from the issuance of the 7.875% Notes for working capital by it and its subsidiaries and for general corporate purposes, including further investments in HRG's existing businesses and the financing of future acquisitions and businesses. The Company expects to use the net proceeds from the issuance of the 7.750% Notes and available cash on hand to make an equity investment through one of its wholly owned subsidiaries in Spectrum Brands Holdings, Inc., a subsidiary of HRG, in connection with Spectrum Brands' acquisition of Armored AutoGroup Parent Inc. The offerings are not contingent on each other, nor are they conditioned on the completion of the AAG Acquisition. The offerings are subject to market conditions and other factors. The offerings will be made solely by means of a private placement to qualified institutional buyers and reoffered pursuant to Rule 144A under the Securities Act of 1933, as amended and to certain persons in offshore transactions pursuant to Regulation S under the Securities Act.

 

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