Energizer Holdings Enters Material Definitive Agreement

Ticker: ENR · Form: 8-K · Filed: May 29, 2024 · CIK: 1632790

Energizer Holdings, INC. 8-K Filing Summary
FieldDetail
CompanyEnergizer Holdings, INC. (ENR)
Form Type8-K
Filed DateMay 29, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

Energizer Holdings just signed a big financial deal, could be good or bad.

AI Summary

On May 29, 2024, Energizer Holdings, Inc. entered into a material definitive agreement related to financial obligations. The company, incorporated in Missouri with its principal executive offices in St. Louis, filed this 8-K report to disclose these events.

Why It Matters

This filing indicates Energizer Holdings has entered into a significant financial agreement, which could impact its debt structure, operational flexibility, or future investments.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce new risks or alter existing ones for a company.

Key Players & Entities

FAQ

What specific type of material definitive agreement did Energizer Holdings, Inc. enter into?

The filing indicates the entry into a material definitive agreement and a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.

What is the significance of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' item?

This item signifies that Energizer Holdings, Inc. has either taken on a new debt or financial commitment directly or has entered into an arrangement that creates a financial obligation not directly listed on its balance sheet.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on May 29, 2024.

What is Energizer Holdings, Inc.'s fiscal year end?

Energizer Holdings, Inc.'s fiscal year ends on September 30 (0930).

What is the IRS Employer Identification Number for Energizer Holdings, Inc.?

The IRS Employer Identification Number for Energizer Holdings, Inc. is 36-4802442.

Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 10.1 · Accepted 2024-05-29 16:23:50

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On May 29, 2024, Energizer Holdings, Inc. (the " Company ") and certain of its subsidiaries entered into that certain Fourth Amendment to Credit Agreement (the " Repricing Amendment ") to the Amended and Restated Credit Agreement, dated as of December 22, 2020, among Company, the financial institutions from time to time party thereto as lenders, the issuing banks from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent thereunder (as amended by the Incremental Term Loan Amendment No. 1, dated as of January 7, 2021, the Amendment No. 2 and Increasing Lender Supplement, dated as of December 31, 2021, the Amendment No. 3 to Credit Agreement, dated as of February 22, 2023 and as amended by the Repricing Amendment, the " Credit Agreement "). The Repricing Amendment (i) reduces the Applicable Margin that applies to Term Loans under the Credit Agreement by 25 basis points from 1.25% to 1.00% in the case of any Floating Rate Loans and by 25 basis points from 2.25% to 2.00% in the case of any Term Benchmark Loans, (ii) removes the credit spread adjustment that previously applied when calculating the Adjusted Term SOFR Rate for Term Loans that are Term Benchmark Loans and (iii) resets the prepayment premium for the Term Loans to apply to a Repricing Event that occurs within six months after the effective date of the Repricing Amendment, and makes other related changes and updates. The Repricing Amendment effected the repricing by establishing a new tranche of Refinancing Term Loans that replaced the Term Loans previously outstanding under the Credit Agreement. Capitalized terms used in this Item 1.01 but not otherwise defined herein have the meanings assigned to them in the Credit Agreement. A copy of the Repricing Amendment is attached as Exhibit 10.1 and is incorporated herein by reference. The above description of the Repricing Amendment does not purport to be complete and is qualifi

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information set forth under Item 1.01 of this Current Report on Form 8-K with respect to the Repricing Amendment is hereby incorporated by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Fourth Amendment to Credit Agreement, dated as of May 29, 2024, by and among Energizer Holdings, Inc., as borrower, the other loan parties party thereto, refinancing term lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. 101 Pursuant to Rule 406 of Regulation S-T, the cover page information is formatted in iXBRL (Inline eXtensible Business Reporting Language). 104 Cover Page Interactive Data File (formatted in iXBRL in Exhibit 101).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. ENERGIZER HOLDINGS, INC. By: /s/ John J. Drabik John J. Drabik Executive Vice President and Chief Financial Officer Dated: May 29, 2024

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing