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Moody’s gives Energizer SpinCo notes Ba3
Moody's Investors Service said it assigned a Ba3 rating to Energizer SpinCo, Inc.'s proposed $600 million senior unsecured notes.
All other ratings, including the Ba2 corporate family rating, are unchanged.
The outlook is stable.
Proceeds will be used to pay a distribution to Energizer Holdings, Inc. as part of the company's spin-off into a separate independent company.
Moody's expects the spin-off to be complete by July 1.
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