Energizer Holdings to launch $720 million bridge loan on Friday

By Sara Rosenberg

New York, May 16 – Energizer Holdings Inc. is scheduled to hold a lender call at noon ET on Friday to launch a $720 million senior unsecured bridge loan, according to a market source.

Barclays, J.P. Morgan Securities LLC, Bank of America Merrill Lynch, Citigroup Global Markets Inc., MUFG, TD Securities (USA) LLC and Standard Chartered are the bookrunners on the deal.

Proceeds will be used to help fund the acquisition of Spectrum Brands’ Global Battery and Portable Lighting Business for $2 billion in cash.

Energizer is a St. Louis-based manufacturer of primary batteries and portable lighting products.

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