EnerSys to pay down term loan borrowings with notes proceeds

By Sara Rosenberg

New York, Jan. 3 – EnerSys plans to repay a portion of its term loans using proceeds from a $300 million senior notes offering, according to a news release.

Any remaining proceeds from the notes will be used for general corporate purposes, including to repay a portion of the outstanding borrowings under the company’s revolving credit facility.

EnerSys is a Reading, Pa.-based manufacturer of energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions.

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