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Energizer to launch $394 million term loan B repricing on Tuesday
By Sara Rosenberg
New York, March 6 – Energizer Holdings Inc. will hold a lender call on Tuesday to launch a repricing of its $394 million term loan B due 2022 that is talked at Libor plus 200 basis points to 225 bps with a 0% Libor floor and a par issue price, according to a market source.
The repriced loan includes 101 soft call protection for six months, the source said.
J.P. Morgan Securities LLC is the lead bank on the deal.
The repricing will take the term loan down from Libor plus 250 bps with a 0.75% Libor floor.
Energizer is a St. Louis-based manufacturer and marketer of batteries and lighting products.
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