Energizer Holdings, Inc. Completes the Issuance and Sale of $600,000,000 Aggregate Principal Amount of 7.750% Senior Notes Due 2027
January 29, 2019 at 03:38 am IST
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Energizer Holdings, Inc. announced that on January 28, 2019 the Company has completed the issuance and sale of $600,000,000 aggregate principal amount of 7.750% Senior Notes due 2027 as contemplated by the Purchase Agreement, dated January 17, 2019 by and among the Company, Citigroup Global Markets Inc., as representative of the purchasers listed therein and the guarantors party thereto. The 2019 Notes were issued pursuant to an indenture dated as of January 28, 2019, among the Company, the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as trustee. The 2019 Notes were sold to the Initial Purchasers pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. The Company did not register the issuances of the 2019 Notes under the Securities Act because such issuances did not constitute public offerings. The 2019 Notes were sold to qualified institutional buyers pursuant to Rule 144A (and outside the United States to qualified investors in reliance on Regulation S) under the Securities Act. The 2019 Notes have not been registered under the Securities Act or applicable state securities laws, and may not be offered or sold absent registration under the Securities Act or applicable state securities laws or applicable exemptions from registration requirements. The 2019 Notes accrue interest at a rate of 7.750% per annum and will mature on January 15, 2027. The 2019 Notes are guaranteed, jointly and severally, on an unsecured basis, by each of the Company’s domestic restricted subsidiaries that is a borrower or a guarantor under the credit agreement dated December 17, 2018 by and among the Company, the lenders and issuing banks from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
Energizer Holdings, Inc., through its subsidiaries, is a globally diversified household products provider, which includes batteries, auto care and portable lights. The Company is a manufacturer, marketer and distributor of household and specialty batteries, automotive appearance, performance, refrigerant and freshener products, and portable lights. The Company offers household batteries, including primary, rechargeable, specialty and hearing aid using many technologies, including lithium, alkaline, carbon zinc, nickel metal hydride, zinc air and silver oxide. These products are sold globally under the Energizer, Eveready and Rayovac brands, including hearing aid batteries, and the Varta brand in Latin America and Asia Pacific. Its appearance and fragrance product categories include protectants, wipes, tire and wheel care products, and air fresheners. Its performance product categories include STP-branded fuel and oil additives, functional fluids and other performance chemical products.