Energizer Extends Term Loan and Revolving Credit Facility: What Does It Mean for You and the World?
St. Louis, MO, March 19, 2025 – Energizer Holdings, Inc. (NYSE: ENR), a global leader in the consumer battery and portable lighting markets, announced the successful extension of its existing $760 million Term Loan and $500 million Revolving Credit Facility. The transactions, which are leverage neutral, were executed to strengthen the company’s debt capital structure and provide enhanced financial flexibility for the years to come.
Impact on Energizer:
The extension of these facilities will provide Energizer with several benefits:
- Extended maturities: The new terms extend the maturities for both facilities, ensuring that the company has access to long-term financing.
- Interest rates: The interest rates for the extended facilities are roughly the same as the previous ones, keeping the cost of borrowing at a manageable level.
- Financial flexibility: With these extended facilities, Energizer will have more flexibility to manage its cash flows and invest in growth opportunities.
Impact on Consumers:
The successful extension of Energizer’s credit facilities is good news for consumers as well. This financial strength enables the company to:
- Invest in research and development: Energizer can continue to innovate and bring new products to market.
- Maintain competitive pricing: The company’s financial stability allows it to maintain competitive pricing, ensuring that consumers can continue to access its high-quality batteries and portable lighting products.
- Expand its global reach: Energizer can explore new markets and expand its presence in existing ones, making its products more widely available to consumers around the world.
Impact on the World:
The extension of Energizer’s credit facilities is also a positive sign for the global economy:
- Job creation: As Energizer continues to invest in growth opportunities, it will create new jobs in the United States and around the world.
- Supply chain stability: Energizer’s financial stability ensures that it can continue to be a reliable supplier of batteries and portable lighting products to businesses and consumers worldwide.
- Innovation: With the financial resources to invest in research and development, Energizer can continue to innovate and bring new products to market, contributing to the global economy and improving people’s lives.
Conclusion:
Energizer Holdings’ successful extension of its $760 million Term Loan and $500 million Revolving Credit Facility is a positive development for the company, consumers, and the global economy. With extended maturities, manageable interest rates, and enhanced financial flexibility, Energizer is well-positioned to continue investing in growth opportunities and delivering high-quality products to consumers around the world. This financial strength also contributes to job creation, supply chain stability, and innovation, making it a win-win situation for all involved.
About Energizer Holdings, Inc:
Energizer Holdings, Inc. is a global leader in the consumer battery and portable lighting markets. The Company and its subsidiaries produce and distribute an extensive array of batteries, battery-related products, and portable lighting devices for the retail market. Energizer is headquartered in St. Louis, Missouri, and has manufacturing, R&D, and support facilities located around the world.
