Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for EnerSys Inc. > News item |
EnerSys to repay 3.375% convertibles with funds from new notes
New York, April 6 – EnerSys said it plans to repay its $172.4 million of 3.375% convertible notes due 2038 using funds raised from a $300 million offering of new senior notes due 2023.
EnerSys did not disclose the precise means by which it plans to repay the convertibles.
The company said remaining proceeds may be used to pay the premium on the convertibles, although it also has the option to settle this amount partly or wholly by issuing stock.
Further proceeds will be used to repay revolving credit facility borrowings and for general corporate purposes.
EnerSys is a Reading, Pa., maker of industrial batteries.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.