Davis Polk advised the joint lead arranger and bookrunner, and the administrative agent, in connection with the $650 million senior secured credit facilities (the “Facilities”) provided to Energizer SpinCo, Inc., as borrower. The Facilities consist of (i) a $400 million term loan facility and (ii) a $250 million revolving credit facility. The proceeds of the Facilities will be used to finance a payment to Energizer Holdings, Inc. (“Energizer”) or one of its subsidiaries in connection with the spinoff of the household products business of Energizer and for general corporate purposes.

Energizer, headquartered in St. Louis, Missouri, is one of the world’s largest manufacturers and marketers of batteries and lightening products and offers a broad range of portable power solutions, through its brands including its Energizer and Eveready brands.

The Davis Polk credit team included partners James A. Florack and Meyer C. Dworkin and associates Vanessa L. Jackson and Rachel S. Goodwin. Partner Lucy W. Farr and associate Isaac MacDonald provided tax advice. Counsel Jeanine P. McGuinness and associate Britt Mosman provided regulatory advice. Associate Matthew S. Bryant provided real estate advice. Partner Frank J. Azzopardi provided intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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