Reading, Pa. - EnerSys, a leading provider of stored energy solutions for industrial applications, has recently announced the successful closing of $300 million aggregate principal amount of its 6.625% senior notes due 2032. The Notes were issued at an issue price of 100% of the principal amount, with an aim to support the company’s continued growth and investment initiatives.
The unsecured and unsubordinated obligations of EnerSys are fully guaranteed by each of the company?s subsidiaries that also guarantee EnerSys’ senior secured credit facilities and 4.375% senior notes due 2027. This move reflects the strong financial standing of the company and its commitment to meeting its financial obligations effectively.
EnerSys has witnessed a notable increase in income, with an impressive growth rate of 89.22% in the second quarter of 2024 compared to the previous year, resulting in a cumulative value of $241 million. With a current workforce of 10,000 employees, EnerSys’ income per employee has reached a new peak, standing at $24,059 for the trailing twelve-month period. This achievement highlights the company’s ability to maximize productivity while ensuring the well-being and compensation of its valuable workforce.
This notable financial performance indicates EnerSys’ successful execution of its strategic initiatives and its ability to capitalize on market opportunities, even amidst challenging economic conditions. The company has consistently focused on innovation, customer satisfaction, and operational excellence, resulting in long-term value creation for its stakeholders.
The closing of this $300 million aggregate principal amount of senior notes is set to provide EnerSys with additional capital resources, enabling the company to further enhance its technological advancements, expand its global footprint, and pursue potential acquisitions or investments in strategic growth areas. With a strong financial foundation, EnerSys is well-positioned to harness emerging market trends and continue its pursuit of sustainable growth.
According to David M. Shaffer, President and Chief Executive Officer of EnerSys, The successful closing of this offering reflects the confidence of investors in EnerSys’ financial strength and growth prospects. We remain committed to driving innovation in energy solutions and expanding our product portfolio to meet the evolving needs of our customers across various industries.
As EnerSys continues to strengthen its position in the industry, this closing of the senior notes marks yet another milestone for the company. With a robust workforce and a commitment to delivering cutting-edge storage energy solutions, the company is poised for sustained success and growth in the years to come.
News
Comments