NYSE:ENRHousehold Products
Energizer Holdings (ENR): Evaluating the Stock’s Value After Strategic Debt Refinancing Moves
If you have been keeping an eye on Energizer Holdings (ENR), the latest round of financial maneuvering is worth your attention. The company recently announced and priced a $400 million Senior Notes offering, increased from the initially planned $300 million, and completed a $100 million add-on to its Term Loan. The primary aims are to extend its debt maturity, redeem outstanding notes due in 2027, pay down its revolving credit, and cut interest expenses. It is a clear move to tidy up the...