debt
confidence high
sentiment neutral
materiality 0.55
Energizer completes $300M senior notes offering at 6.500% due 2027; proceeds to repay revolver
ENERGIZER HOLDINGS, INC.
- Completed issuance of $300M aggregate principal of 6.500% Senior Notes due December 31, 2027.
- Net proceeds used to repay a portion of outstanding revolving credit facility debt and pay offering fees/expenses.
- Notes guaranteed jointly and severally on unsecured basis by domestic restricted subsidiaries that are borrowers/guarantors under credit agreement.
- Optional redemption from Aug 31, 2024 at 100% plus declining premium; before that at make-whole; up to 40% from equity issuances at 106.5%.