Energizer Holdings $1.26 billion credit facilities
We advised the joint lead arrangers, joint bookrunners and agents on the financing
Davis Polk advised the joint lead arrangers, joint bookrunners, documentation agents, administrative agent and collateral agent in connection with a $500 million senior secured revolving credit facility and $760 million senior secured term loan facility to be provided to Energizer Holdings, Inc. These facilities which will be used to refinance existing Energizer credit facilities.
Energizer Holdings, Inc., headquartered in St. Louis, Missouri, is one of the world’s largest manufacturers of primary batteries and portable lighting products and is anchored by its two globally recognized brands, Energizer and Eveready. Energizer is also a leading designer and marketer of automotive fragrance and appearance products from recognized brands such as Refresh Your Car!, California Scents, Driven, Bahama & Co., LEXOL and Eagle One.
The Davis Polk finance team included partner Sanders Witkow and associates Duan Xu, Emily (Yuhong) Su and Yusuke Tsuzuki. Counsel Will Schisa and associate Daria Adjowa Serwaa Nonnemaker provided sanctions advice. Counsel Andrew H. Braid provided execution compensation advice. The tax team included partner Ethan R. Goldman and associate Ted Lee. Counsel Julie E. Dechen provided real estate advice. Members of the Davis Polk team are based in the New York and Washington DC offices.