Edgewell Personal Care completes sale of feminine care business for $340M

Core Viewpoint - Edgewell Personal Care Company has completed the sale of its feminine care business to Essity for $340 million, aiming to strengthen its balance sheet and invest in core business growth [1] Group 1: Transaction Details - The sale was finalized for a total of $340 million [1] - Edgewell plans to use the net proceeds from the sale, after taxes and transaction costs, primarily to pay down the balance of its U.S. revolving credit facility [1] - A Transition Services Agreement has been established between Edgewell and Essity to provide support services for at least one year post-transaction [1] Group 2: Strategic Intent - The company intends to work closely with Essity to ensure a smooth transition for employees, customers, and consumers of the Feminine Care business [1] - The focus remains on long-term growth investments in Edgewell's core businesses following the sale [1]