debt
confidence high
sentiment neutral
materiality 0.65
Energizer issues $400M 6.000% notes due 2033 and $100M term loan to refinance 2027 notes
ENERGIZER HOLDINGS, INC.
- Issued $400M of 6.000% Senior Notes due 2033; proceeds to redeem 6.500% Senior Notes due 2027 and repay revolver.
- Entered $100M incremental term loan, raising term loan balance to $860M; proceeds for same refinancing.
- Notes mature Sept 15, 2033; term loan matures March 19, 2032; both unsecured obligations.
- Proceeds from both transactions also used to pay fees and for general corporate purposes.
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