---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-310065"
form_type: "8-K"
ticker: "ENS"
cik: "0001289308"
company_name: "EnerSys"
filed_at: "2022-12-21T23:59:59+00:00"
generated_at: "2026-06-21T00:42:21.723955+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# EnerSys closes $150M receivable securitization with Wells Fargo, expects $1.4M annual interest savings

## Summary
- Entered $150M trade receivable securitization facility with Wells Fargo, N.A.; three-year initial term.
- Annual interest savings of approximately $1.4 million from asset monetization.
- CFO states facility will enhance balance sheet, lower leverage under Credit Agreement, and improve cash flow.
- Receivables sold on revolving basis; EnerSys provides performance undertaking but not guarantee of collectibility.

## SEC filing metadata
- accession: 0001193125-22-310065
- form_type: 8-K
- ticker: ENS
- cik: 0001289308
- company_name: EnerSys
- filed_at: 2022-12-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289308/000119312522310065/0001193125-22-310065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289308/000119312522310065/d355987d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-310065
- JSON: https://secwatch.observer/filing/0001193125-22-310065.json
- Plain text: https://secwatch.observer/filing/0001193125-22-310065.txt

## Key facts
- Material Agreements
  EnerSys entered into Receivables Agreement with Wells Fargo Bank, National Association valued at up to $150,000,000 (effective 2022-12-21).
  - Action: entry
  - Counterparty: Wells Fargo Bank, National Association
  - Value: up to $150,000,000
  - Effective: 2022-12-21
  source text: On December 21, 2022, EnerSys (in its individual capacity (“ ENS ”), and in its capacity as the “ Master Servicer ”) entered into a Receivables Purchase Agreement (the “ Receivables Agreemen t”) with Wells Fargo Bank, National Association as the administrative agent (“ Wells ”), EnerSys Finance, LLC as the seller (the “ Seller ”) and certain other persons from time to time and party thereto as purchasers (together with Wells, the “ Purchasers ”), pursuant to which, and upon the Seller’s request, the Purchasers will make payments to the Seller in an aggregate amount of up to $150,000,000 (the “ Transaction ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289308/000119312522310065/0001193125-22-310065-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.