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Exide Technologies to repay some senior facilities using $350 million note offering proceeds
By Caroline Salls
Pittsburgh, Feb. 9 - Exide Technologies said it expects to repay a portion of the debt under its senior credit facilities using proceeds from its $350 million offering of senior notes due 2013.
Proceeds will also be used for general corporate purposes and to provide Exide with greater liquidity.
The offering is contingent upon the receipt of an amendment to the senior credit agreement permitting the issuance of the notes and the described application of the proceeds.
Exide is a Lawrenceville, N.J., stored electrical energy solutions company.
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