EnerSys talks $300 million eight-year notes at 4½% area; pricing Monday

By Abigail W. Adams

Portland, Me., Dec. 9 – EnerSys Inc. plans to price its $300 million offering of eight-year senior bullet notes (expected ratings Ba3/BB+) on Monday with official price talk in the 4½% area, according to a market source.

Initial talk had the deal coming to yield in the 4½% to 4¾% area.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.