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 6.625% Senior Notes due 2032 pursuant to Rule 144A and Regulation S, which closed on January 11, 2024. EnerSys intends to use the proceeds from the notes offering to repay a portion of its borrowings under its existing credit facility and for general corporate purposes.
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 David Azarkh, John O’Connell, Matt Petrone and Pia Figuerola (Capital Markets); Michael Mann (Tax); Timothy Mulvihill (Environmental); Karen Kazmerzak (Antitrust); Pasco Struhs (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); Abram Ellis and Claire Cahoon (Regulatory); and Jennie Getsin (Blue Sky).