We advised the initial purchasers on the high-yield notes offering

Davis Polk advised the initial purchasers in connection with a 144A / Regulation S offering by Energizer Gamma Acquisition B.V., a wholly-owned subsidiary of Energizer Holdings, Inc., of €650 million aggregate principal amount of its 3.500% senior notes due 2029. The notes are guaranteed, jointly and severally, on an unsecured basis, by Energizer Holdings, Inc. and certain of its domestic restricted subsidiaries. The proceeds from the offering, together with cash on hand, were used to fund the redemption of Energizer Gamma Acquisition B.V.’s outstanding 4.625% senior notes due 2026.

Energizer, headquartered in St. Louis, Missouri, is one of the world’s largest manufacturers, marketers and distributors of household and specialty batteries, portable lights, and automotive appearance, performance, refrigerants and freshener products.

The Davis Polk corporate team included partners Michael Kaplan and Yasin Keshvargar and associates Thomas S. Green, Jordyn Giannone and Kamil Turkmani. Counsel Ethan R. Goldman and associate Shay Moyal provided tax advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.

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