EnerSys expands receivables facility to $250M with $50M accordion; adds PNC, Truist

EnerSys

Facility limit increased from $150M to $250M; uncommitted accordion feature adds up to $50M more.
PNC Bank and Truist Bank join as new purchasers with $50M commitments each.
Scheduled termination date extended to December 15, 2028 (three-year term).
Amendment updates concentration percentages and eligibility for government receivables.
Potential future inclusion of receivables from new originators subject to purchaser review.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EnerSys amended Receivables Agreement Amendment with Wells Fargo Bank, National Association, PNC Bank, National Association, Truist Bank valued at $250,000,000 plus an additional $50,000,000 accordion feature (effective 2025-12-15).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, PNC Bank, National Association, Truist Bank
Value: $250,000,000 plus an additional $50,000,000 accordion feature
Effective: 2025-12-15

Exact text from the filing

the parties entered in an amendment to the Receivables Agreement (the “ Receivables Agreement Amendment ”) that, among other things, increased the aggregate amount of payments that the Purchasers agreed to make to the Seller to $250,000,000 plus an additional $50,000,000 accordion feature

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EnerSys filing history →

Source: SEC EDGAR

accession 0001289308-25-000046

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