<SEC-DOCUMENT>0001193125-19-010239.txt : 20190116
<SEC-HEADER>0001193125-19-010239.hdr.sgml : 20190116
<ACCEPTANCE-DATETIME>20190116060802
ACCESSION NUMBER:		0001193125-19-010239
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190116
DATE AS OF CHANGE:		20190116

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENERGIZER HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001632790
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				364802442
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-229244
		FILM NUMBER:		19528250

	BUSINESS ADDRESS:	
		STREET 1:		533 MARYVILLE UNIVERSITY DRIVE
		CITY:			SAINT LOUIS
		STATE:			MO
		ZIP:			63141
		BUSINESS PHONE:		(314) 985-2000

	MAIL ADDRESS:	
		STREET 1:		533 MARYVILLE UNIVERSITY DRIVE
		CITY:			SAINT LOUIS
		STATE:			MO
		ZIP:			63141

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Energizer SpinCo, Inc.
		DATE OF NAME CHANGE:	20150204

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENERGIZER HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001632790
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				364802442
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		533 MARYVILLE UNIVERSITY DRIVE
		CITY:			SAINT LOUIS
		STATE:			MO
		ZIP:			63141
		BUSINESS PHONE:		(314) 985-2000

	MAIL ADDRESS:	
		STREET 1:		533 MARYVILLE UNIVERSITY DRIVE
		CITY:			SAINT LOUIS
		STATE:			MO
		ZIP:			63141

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Energizer SpinCo, Inc.
		DATE OF NAME CHANGE:	20150204
</SEC-HEADER>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Issuer Free Writing Prospectus </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Filed Pursuant to Rule 433 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Registration Statement <FONT STYLE="white-space:nowrap">No.&nbsp;333-229244</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Supplementing the Preliminary </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Prospectus Supplement dated January&nbsp;14, 2019 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">and the Prospectus dated January&nbsp;14, 2019 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ENERGIZER HOLDINGS, INC. ANNOUNCES PRICING OF COMMON STOCK AND </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MANDATORY CONVERTIBLE PREFERRED STOCK </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">St.
Louis, Missouri, January&nbsp;15, 2019 &#151; Energizer Holdings, Inc. (NYSE: ENR) (the &#147;Company&#148;), 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 &#147;Common Stock Offering&#148;) 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 &#147;Mandatory Preferred Offering,&#148; and together with the Common
Stock Offering, the &#147;Offerings&#148;). The Company is conducting the Offerings pursuant to an effective registration statement under the Securities Act of 1933. The underwriters have a <FONT STYLE="white-space:nowrap">30-day</FONT> 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&nbsp;18, 2019, subject to customary closing
conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The net proceeds from the Common Stock Offering and the Preferred Stock Offering will approximately be $178.7&nbsp;million and
$181.3&nbsp;million, respectively (or approximately $205.6&nbsp;million and $208.6&nbsp;million, respectively, if the underwriters exercise their option in full), in each case after deducting issuance costs and discounts. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company intends to use a portion of the net proceeds from the Offerings to pay the cost of the capped call transactions described below. The Company
intends to use the remainder of the net proceeds from the Offerings to fund the acquisition of the global auto care business of Spectrum Brands Holdings, Inc. (&#147;Spectrum&#148;) pursuant to the terms and conditions of the Acquisition Agreement,
dated as of November&nbsp;15, 2018, by and between the Company and Spectrum (the &#147;Auto Care Acquisition&#148;) and pay related fees and expenses. The Offerings are not contingent upon each other, nor are they contingent upon the closing of the
Auto Care Acquisition. If for any reason the proposed Auto Care Acquisition has not closed or if certain acquisition termination events occur, the Company expects to use the net proceeds from the Offerings for general corporate purposes, which may
include, in the Company&#146;s sole discretion, exercising the option to redeem mandatory convertible preferred stock for cash, debt repayment, capital expenditures, investments and repurchases of the Company&#146;s common stock at the discretion of
its board of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">J.P. Morgan, Barclays and Citigroup are acting as lead book-runners, and BofA Merrill Lynch, Evercore ISI and MUFG are acting as
joint book-running managers for the Offerings. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless earlier converted, each share of mandatory convertible preferred stock will automatically convert on
January&nbsp;15, 2022 (subject to postponement for certain market disruption events) into between 1.7892 and 2.1739 shares of the Company&#146;s common stock, subject to certain customary anti-dilution adjustments.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dividends on the mandatory convertible preferred stock will be payable on a cumulative basis when, as and if declared by the Company&#146;s board of
directors, at an annual rate of 7.50% on the liquidation preference of $100.00 per share. If declared, these dividends will be paid in cash, in shares of the Company&#146;s common stock or, in a combination of cash and shares of the Company&#146;s
common stock, at the Company&#146;s election, on January&nbsp;15, April&nbsp;15, July&nbsp;15 and October&nbsp;15 of each year, commencing on April&nbsp;15, 2019, and continuing to, and including, January&nbsp;15, 2022. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the Mandatory Preferred Offering, the Company entered into capped call transactions with one or more financial institutions, including
certain of the underwriters or their affiliates (the &#147;Option Counterparties&#148;). The capped call transactions are expected generally to reduce or offset the potential dilution upon conversion of the mandatory convertible preferred stock,
with such reduction subject to a cap. The cap price of the capped call transactions will initially be $64.40 per share of the Company&#146;s common stock, representing a premium of 40% above the public offering price of the Company&#146;s common
stock in the Common Stock Offering, and is subject to certain adjustments under the terms of the capped call transactions. If the underwriters exercise their option to purchase additional shares of mandatory convertible preferred stock, the Company
expects to enter into additional capped call transactions with the Option Counterparties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company expects that, in connection with establishing their
initial hedge of the capped call transactions, the Option Counterparties or their affiliates may enter into various derivative transactions with respect to the Company&#146;s common stock concurrently with or shortly after the pricing of the
Mandatory Preferred Offering. These activities could increase (or reduce the size of any decrease in) the market price of the Company&#146;s common stock at that time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the Company expects that the Option Counterparties or their affiliates may modify their hedge positions by entering into or unwinding various
derivative transactions with respect to the Company&#146;s common stock and/or by purchasing or selling the Company&#146;s common stock or other securities of the Company in secondary market transactions following the pricing of the Mandatory
Preferred Offering and prior to the mandatory conversion date of the mandatory convertible preferred stock (and are likely to do so during the final averaging period relating to the mandatory conversion of the mandatory convertible preferred stock).
This activity could also cause or avoid an increase or a decrease in the market price of the Company&#146;s common stock, which could affect the value of the shares of the Company&#146;s common stock that will be received upon conversion of the
mandatory convertible preferred stock and, to the extent the activity occurs during the final averaging period relating to the mandatory conversion of the mandatory convertible preferred stock, it could also affect the number of shares of the
Company&#146;s common stock that will be received upon conversion. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company has filed an automatically effective registration statement (including a prospectus and a
preliminary prospectus supplement) with the SEC for each of the offerings for which this press release relates. Before you invest, you should read the prospectus supplement and accompanying prospectus, the registration statement and the other
documents that the Company has filed with the Securities and Exchange Commission for more complete information about the Company and the Offerings. Investors may obtain these documents for free by visiting the SEC&#146;s website at www.sec.gov.
Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus relating to either the Common Stock Offering or the Mandatory Preferred Offering can be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone:
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-866-803-9204;</FONT></FONT></FONT> Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or via
email: Barclaysprospectus@broadridge.com, or via telephone: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-888-603-5847;</FONT></FONT></FONT> or Citigroup, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, or via telephone: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-831-9146.</FONT></FONT></FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Statement on Forward-Looking Language </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
press release contains &#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact should be considered to be forward-looking
statements, including statements regarding our ability to complete the Offerings and the expected timing of completion, the anticipated use of proceeds from the Offerings, and the expected impact of the capped calls and the expected actions of the
Option Counterparties. The Offerings are subject to market and other conditions and there can be no assurance as to whether or when the Offerings will be completed. Any such forward-looking statements are made based on information currently known
and are subject to various risks and uncertainties, including those contained in the Company&#146;s filings with the Securities and Exchange Commission, including each prospectus and prospectus supplement for the respective Offerings and its annual
report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended September&nbsp;30, 2018. The Company does not assume any obligation to update or revise any forward-looking statements to reflect new events or circumstances. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About Energizer Holdings, Inc. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Energizer Holdings, Inc.
(NYSE: ENR), headquartered in St. Louis, MO, is one of the world&#146;s largest manufacturers of primary batteries and portable lighting products and is anchored by its globally recognized brands Energizer<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Eveready<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Rayovac<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> and
Varta<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>. Energizer is also a leading designer and marketer of automotive fragrance and appearance products from recognized brands such as Refresh Your Car!<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, California Scents<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Driven<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Bahama&nbsp;&amp; Co.<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, LEXOL<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Eagle One<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, Nu
Finish<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> and Scratch Doctor<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>. As a global branded distributor of consumer products, our mission is to lead the charge to deliver value
to our customers and consumers better than anyone else. </P>
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