UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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| ITEM 8.01 | Other Events |
On December 9, 2019, EnerSys (“EnerSys” or the “Company”) priced $300 million aggregate principal amount of 4.375% senior notes due 2027 (the “Notes”) at an issue price of 100% of the principal amount in connection with its previously announced private offering. The offering of the Notes is expected to close on or about December 11, 2019, subject to customary closing conditions.
The Notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by each of the Company’s existing and future subsidiaries that is a guarantor under the Company’s existing senior secured credit facilities (the “Existing Credit Facility”) and existing 5.00% Senior Notes due 2023.
EnerSys intends to use the net proceeds from this offering to repay a portion of the outstanding borrowings under the revolving portion of the Company’s Existing Credit Facility (without a reduction in commitment).
The Notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws.
This report shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EnerSys | ||||||
| (Registrant) | ||||||
| Date: December 9, 2019 |
By: |
/s/ Thomas L. O’Neill | ||||
| Thomas L. O’Neill | ||||||
| Vice President & Treasurer | ||||||