Financing for Energizer Holdings, Inc.’s Acquisition of Spectrum Brands' Battery and Portable Lighting Business

Davis Polk advised the administrative agent and the joint lead arrangers in connection with the financing of Energizer Holdings, Inc.’s $2 billion acquisition of Spectrum Brands’ Battery and Portable Lighting Business. 

Energizer is one of the world’s largest manufacturers, marketers and distributors of household batteries, specialty batteries and lighting products, and a leading designer and marketer of automotive fragrance and appearance products. Spectrum Brands’ Battery and Portable Lighting Business includes a diversified range of products including alkaline, carbon zinc, hearing aid and nickel metal hydride rechargeable batteries as well as battery chargers and portable lighting products.

The Davis Polk finance team included partner Monica Holland, counsel Benjamin Cheng and associates Sanders Witkow, Vanessa L. Jackson, Mehak Rashid, Ilona C. Potiha and Madeleine Vella. The capital markets team included partner Michael Kaplan, counsel Yasin Keshvargar and associate Heita Miki. All members of the Davis Polk team are based in the New York office.