EnerSys 3.375% convertible notes convertible through Sept. 30

By Marisa Wong

Madison, Wis., June 30 – EnerSys said its 3.375% convertible senior notes due 2038 will continue to be convertible from July 1 through Sept. 30.

The notes first became convertible on Jan. 2. They continue to be convertible because the last sale price of EnerSys’ common stock for at least 20 trading days in the 30-trading-day period ended June 30 exceeded 130% of the conversion price then in effect.

EnerSys also notified holders of the convertible notes that the conversion rate as of July 1 is 24.9008 shares per $1,000 principal amount of notes due to the cumulative impact of cash dividends paid on EnerSys’ common stock.

The company’s shares (NYSE: ENS) closed at $68.79 on June 30.

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

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