ENERGIZER HOLDINGS, INC. Announces Successful Refinancing and Extension of Term Loan & Revolving Credit Facility

Core Viewpoint - Energizer Holdings, Inc. has successfully extended its $760 million Term Loan and$500 million Revolving Credit Facility, enhancing its debt capital structure and financial flexibility [1][2]. Group 1: Financial Transactions - The transactions are leverage neutral and extend the maturities of both facilities by more than four years, with the new Term Loan maturing in 2032 and the Revolving Credit Facility maturing in 2030 [1][3]. - The new Term Loan bears interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus 200 basis points per annum [2]. - The Revolving Credit Facility bears interest at a rate equal to SOFR plus the applicable margin based on leverage [3]. Group 2: Management Commentary - The Chief Financial Officer expressed satisfaction with the execution of the credit facilities extension, highlighting it as a testament to the credit market's appreciation of the company's debt reduction track record and strong operating performance [2]. - The company aims to continue evaluating opportunities to extend debt maturities or improve its interest rate profile as part of its debt paydown and deleveraging objectives [2]. Group 3: Company Overview - Energizer Holdings is one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care products, with a portfolio of globally recognized brands [4].