Energizer to redeem $600 million outstanding 7¾% notes due 2027

By Taylor Fox

New York, Dec. 8 – Energizer Holdings, Inc. plans to redeem all $600 million outstanding of its 7¾% senior notes due 2027, according to a news release.

The notes will be redeemed at par plus a make-whole premium and interest on Jan. 8.

The redemption is conditioned upon, among other things, the consummation of a senior secured incremental term loan credit facility in an amount of $650 million under an amended and restated credit agreement to be entered into on or around Dec. 22.

Energizer is a St. Louis-based manufacturer of batteries.

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