Published on 6/9/2021 in the Prospect News High Yield Daily.
New Issue: Energizer prices €650 million 3½% senior notes due 2029 at par
By Wendy Van Sickle
Columbus, Ohio, June 9 – Energizer Holdings, Inc. subsidiary Energizer Gamma Acquisition BV priced a €650 million issue of senior notes due 2029 (B2/B+) at par to yield 3½% on Wednesday, according to a news release.
The St. Louis-based battery manufacturer plans to use the proceeds to redeem in full its €650 million outstanding 4 5/8% senior notes due 2026 and pay fees and expenses related to the offering.
| Issuer: | Energizer Gamma Acquisition BV
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| Guarantor: | Energizer Holdings, Inc.
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| Amount: | €650 million
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| Maturity: | 2029
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| Securities: | Senior notes
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| Coupon: | 3½%
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| Price: | Par
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| Yield: | 3½%
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| Trade date: | June 9
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| Settlement date: | June 23
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| Ratings: | Moody's: B2
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| S&P: B+
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| Distribution: | Rule 144A and Regulation S
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