EnerSys announced that it intends to offer, subject to market and customary conditions, $300 million aggregate principal amount of senior notes due 2032 (the Notes). The Notes will be unsecured, unsubordinated obligations of the company and will be guaranteed by each of the company?s subsidiaries that guarantee the company?s senior secured credit facilities and 4.375% senior notes due 2027. The company intends to use the net proceeds from the offering to repay and retire a portion of its outstanding term loans.

The company intends to use the remaining net proceeds for general corporate purposes, including to repay a portion of the outstanding borrowings under its revolving credit facility (without a reduction in commitment). The exact allocation of such proceeds and the timing thereof is at the discretion of the company?s management.