EnerSys marketing $300 million eight-year senior bullet notes; initial guidance 4½%-4¾% area

By Paul A. Harris

Portland, Ore., Dec. 5 – EnerSys Inc. is in the market with a $300 million offering of eight-year senior bullet notes (expected ratings Ba3/BB+), according to market sources.

Initial talk has the deal coming to yield in the 4½% to 4¾% area, a trader said.

J.P. Morgan Securities LLC is managing the sale.

The Reading, Pa.-based battery maker plans to use the proceeds to pay down its revolving credit facility.

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