debt
confidence high
sentiment positive
materiality 0.65
Energizer reprices $838M term loans; margin cut 25 bps on all tranches
ENERGIZER HOLDINGS, INC.
- Fourth Amendment to Credit Agreement reduces Applicable Margin by 25 bps on Floating Rate Loans (to 1.00%) and Term Benchmark Loans (to 2.00%).
- Credit spread adjustment for Adjusted Term SOFR on Term Benchmark Loans eliminated.
- Prepayment premium reset to apply to any Repricing Event within six months of May 29, 2024.
- Refinancing Term Loans of $838M replace outstanding Term Loans; includes cashless roll from existing lenders and new commitments.