EnerSys Secures $250 Million Receivables Financing with Wells Fargo, PNC, and Truist

Reuters12-16 05:16
EnerSys Secures $250 Million Receivables Financing with <a href="https://laohu8.com/S/EOD">Wells Fargo</a>, PNC, and Truist

EnerSys Inc. has amended its existing Receivables Purchase Agreement, increasing the aggregate amount of available financing from $150 million to $250 million, with an additional uncommitted $50 million accordion feature subject to certain conditions. The amendment also adds PNC Bank and Truist Bank as new purchasers alongside Wells Fargo Bank. The agreement, initially entered into in December 2022, allows EnerSys Finance, LLC, a subsidiary of EnerSys Inc., to request payments from the purchasers, and the amended terms extend for three years from the date of the amendment.

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