debt
confidence high
sentiment neutral
materiality 0.40
Energizer increases revolving credit facility from $400M to $500M; amends AR sale limits
ENERGIZER HOLDINGS, INC.
- Revolver commitments increased from $400M to $500M under existing credit agreement.
- New limit on AR sales: greater of $600M or 12% of Consolidated Assets per fiscal year.
- Also caps AR sales at $275M as of last day of any fiscal quarter.
- Amendment effective Dec 31, 2021; all existing loan documents and guarantees reaffirmed.