PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sun, December 5, 6:41 AM
| This Slide: #130 of 573 |
Slide #130. Energizer Holdings, Inc. — Preferred Stock Offering
Company:
Energizer Holdings, Inc. (NYSE:ENR)
Date announced:
1/14/2019
Shares Offered:
4,076,086
Date of Pricing:
1/15/2019
Price Per Share:
$46.00
Preferred Stock Offering Details:
Energizer Holdings, Inc. (NYSE: ENR) (the "Company") today announced that the Company has commenced concurrent offerings of $187.5 million of shares of common stock (the "Common Stock Offering") and $187.5 million of shares of Series A Mandatory Convertible Preferred Stock (the "Mandatory Preferred Offering", and together with the Common Stock Offering, the "Offerings"). The Company is conducting the Offerings pursuant to an effective registration statement under the Securities Act of 1933. The Company expects to grant the respective underwriters a 30-day option to purchase up to an additional $28.125 million of shares of its common stock, and up to an additional $28.125 million of shares of its mandatory convertible preferred stock. -updated 1/15- Energizer Holdings, Inc. (NYSE: ENR) (the "Company"), today announced that the Company has priced concurrent offerings of 4,076,086 shares of common stock at a price to the public of $46.00 per share (the "Common Stock Offering") and 1,875,000 shares of 7.50% Series A Mandatory Convertible Preferred Stock at a price to the public of $100.00 per share (the "Mandatory Preferred Offering," and together with the Common Stock Offering, the "Offerings"). The Company is conducting the Offerings pursuant to an effective registration statement under the Securities Act of 1933. The underwriters have a 30-day option to purchase up to an additional 611,412 shares of its common stock and up to an additional 281,250 shares of its mandatory convertible preferred stock. The Offerings are scheduled to be completed on January 18, 2019, subject to customary closing conditions.
Energizer Holdings is a manufacturer, marketer and distributor of household and specialty batteries, automotive appearance, performance, refrigerant and freshener products, and portable lights. Co. provides household batteries using various technologies including lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide. Co. also provides auto care products in the appearance and fragrance categories including protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners and washes. In addition, Co. distributes and markets lighting products including handheld, headlights, lanterns, and area lights.
Preferred: ENR.PRA
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Avg. Broker Rec.
  
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Buy (2.70 out of 4) 11st percentile
(ranked lower than approx. 89% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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