Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Energizer Gamma Acquisition, Inc. of $500 million aggregate principal amount of its 6.375% senior notes due 2026 and a Rule 144A/Regulation S offering by Energizer Gamma Acquisition B.V. of €650 million aggregate principal amount of its 4.625% senior notes due 2026. The issuers are subsidiaries of Energizer Holdings, Inc., or Energizer. The U.S. dollar denominated notes are to be assumed by, and the euro denominated notes will be guaranteed by, Energizer, upon Energizer’s pending acquisition of the global battery, lighting and portable power business of Spectrum Brands Holdings, Inc.
Energizer, headquartered in St. Louis, Missouri, is one of the world’s largest manufacturers, marketers and distributors of household batteries, specialty batteries and portable lighting products, and a leading designer and marketer of automotive fragrance and appearance products.
The Davis Polk corporate team included partner Michael Kaplan, counsel Yasin Keshvargar and associates Heita Miki and Amarilice C. Young. Partner Lucy W. Farr and associate Isaac MacDonald provided tax advice. Counsel David A. Zilberberg and associate James A. Eland provided environmental advice. All members of the Davis Polk team are based in the New York office.