Energizer to price $600 million in senior notes offering

By Abigail W. Adams

Portland, Me., Jan. 15 – Energizer Holdings, Inc. announced plans to price $600 million offering of eight-year senior unsecured notes late Tuesday, according to a company news release.

Citigroup Global Markets Inc. is left lead on the Rule 144A and Regulation S deal, Prospect News previously reported.

Energizer received commitments for a $500 million senior secured incremental first-lien term loan and a $600 million senior unsecured one-year bridge loan backing the bonds.

J.P. Morgan Securities LLC, Barclays and Citigroup Global Markets Inc. are joint arrangers and bookrunners on the debt.

Proceeds will be used to fund global auto care business of Spectrum Brands Inc.

Energizer is a St. Louis, Mo.-based manufacturer and distributor of consumer products.

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