Exide Technologies plans $350 million offering of eight-year notes

By Paul A. Harris

St. Louis, Feb. 9 - Exide Technologies plans to sell $350 million of eight-year senior notes via Rule 144A and Regulation S, the company said in a news release Wednesday.

Proceeds will be used to repay Exide's senior credit facilities as well as for general corporate purposes and to provide the company greater liquidity, according to the news release.

A company spokesman declined to furnish any further details on the notes, the timing of the deal or the bookrunners when contacted Wednesday by Prospect News.

Exide is a Lawrenceville, N.J., battery maker.

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