Simpson Thacher Represents Initial Purchasers in $300 Million Senior Notes Offering by EnerSys
12.11.19
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Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with the offering by EnerSys of $300 million aggregate principal amount of 4.375% Senior Notes due 2027 pursuant to Rule 144A and Regulation S, which closed on December 11, 2019. EnerSys intends to use the proceeds from the notes offering to repay a portion of its revolver borrowings under its existing credit facility.
EnerSys is the world’s largest manufacturer, marketer and distributor of industrial batteries. The company also manufactures, markets and distributes products such as battery chargers, power equipment, battery accessories and outdoor cabinet enclosures. EnerSys sells to customers in over 100 countries around the world.
The Simpson Thacher team included Art Robinson, David Azarkh and Lisa Zhang (Capital Markets); Nicole Humphrey (Tax); Michael Isby and Timothy Mulvihill (Environmental); Sarah Razi (Antitrust); Jennifer Neilsson and Richard Malek (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); Abram Ellis and Joe Betteley (Regulatory); and Jennie Getsin (Blue Sky).