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EnerSys marketing $300 million eight-year senior bullet notes; initial guidance 4½%-4¾% area
By Paul A. Harris
Portland, Ore., Dec. 5 – EnerSys Inc. is in the market with a $300 million offering of eight-year senior bullet notes (expected ratings Ba3/BB+), according to market sources.
Initial talk has the deal coming to yield in the 4½% to 4¾% area, a trader said.
J.P. Morgan Securities LLC is managing the sale.
The Reading, Pa.-based battery maker plans to use the proceeds to pay down its revolving credit facility.
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