secwatch.observer — SEC 8-K summary
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Issuer:     EnerSys (ENS)
CIK:        0001289308
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001289308-22-000065
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EnerSys adds $300M delayed-draw term loan facility; amends leverage covenant
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- New Term A-3 Facility of up to $300M available to draw through March 15, 2023.
- Consolidated Total Net Leverage Ratio covenant set at ≤4.25x through Q2 FY2024, then steps to 4.00x.
- Interest rate based on leverage grid (Term SOFR + 1.375% to 2.500%; Base Rate + 0.375% to 1.500%).
- Ticking fee of 0.175%–0.350% per annum on unused portion during availability period.
- Senior note issuance reduces Term A-3 commitments dollar-for-dollar.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289308/000128930822000065/0001289308-22-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289308/000128930822000065/ens-20220908.htm
  HTML page:      https://secwatch.observer/filing/0001289308-22-000065

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