Allied Capital Sells Hillman Companies to Code Hennessy for $510 million.

Allied Capital Corporation and The Hillman Companies, Inc. have agreed to a sale of Hillman to an affiliate of Code Hennessy & Simmons LLC for approximately $510 million. Allied Capital expects to be repaid $44 million in outstanding mezzanine debt and provide up to $47.5 million in new mezzanine financing. The transaction includes repayment of outstanding debt and value of trust preferred shares.