EnerSys' 3.375% convertibles to be convertible through June 30

By Tali Rackner

Norfolk, Va., March 31 - EnerSys said its 3.375% convertible senior notes will continue to be convertible through June 30, according to an 8-K filing with the Securities and Exchange Commission.

The notes first became convertible on Jan. 2. They continue to be convertible because the last sale price of EnerSys's common stock for at least 20 trading days within 30 consecutive trading days ended March 31 exceeded 130% of the conversion price of the company's common stock on the last trading day during that period.

The conversion rate is 24.8385 common shares per $1,000 principal amount of notes due to the effect of cash dividends paid on EnerSys's common stock, the company said in the filing. The company's common shares (NYSE: ENS) closed at $69.29 on March 31.

Reading, Pa.-based Enersys is a provider of stored energy solutions for industrial applications and manufactures, distributes and services reserve power and motive power batteries.

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