
	March 31, 2021		September 30, 2020
Senior Secured Term Loan A Facility Due 2022	$	—	$	319.4
Senior Secured Term Loan B Facility due 2025	—		313.5
Senior Secured Term Loan Facility due 2027	1,200.0		—
6.375% Senior Notes due 2026	—		750.0
4.625% Senior Notes due 2026 (Euro Notes of €650.0)	762.5		761.9
7.750% Senior Notes due 2027	—		600.0
4.750% Senior Notes due 2028	600.0		600.0
4.375% Senior Notes due 2029	800.0		800.0
Capital lease obligations	45.7		45.8
Total long-term debt, including current maturities	$	3,408.2	$	4,190.6
Less current portion	(14.4)		(843.0)
Less unamortized debt premium and debt issuance fees	(41.6)		(40.7)
Total long-term debt	$	3,352.2	$	3,306.9

Long-term debt - On September 30, 2020, the Company completed a bond offering for $800.0 Senior Notes due in 2029 at 4.375% (2029 Notes). On October 16, 2020, the Company used the proceeds from the sale of the 2029 Notes to fund the redemption of all the $750.0 Senior Notes due in 2026 at 6.375%. The Company paid a redemption premium of $55.9 in the first fiscal quarter related to this redemption.

On December 22, 2020, the Company entered in a Credit Agreement which provided for a 5-year $400 revolving credit facility (2020 Revolving Facility) and a $550.0 Term Loan due December 2027. The $550.0 of proceeds were used to pay down the remaining balances on the Term Loan A facility due in 2022, Term Loan B facility due in 2025 and the amounts outstanding on the existing 2018 Revolving Credit Facility. The pay down of the Term Loan A and B facilities were deemed to be extinguishments and the Company wrote-off $5.7 of deferred financing fees during the first fiscal quarter.

On January 7, 2021, the Company amended the Credit Agreement and borrowed an incremental $650.0 on the Term Loan. The Company utilized the proceeds to fund the redemption of the Company’s outstanding $600.0 7.750% Senior Notes due 2027 (2027 Notes) at a redemption price equal to 110.965% of the aggregate principal amount. As a result, the Company paid a redemption premium of $66.6 during the quarter ended March 31, 2021. The Company also wrote off deferred financings fees associated with the 2027 Notes resulting in a total loss on extinguishment recognized in the quarter ended March 31, 2021 of $70.0.

The 2020 Revolving Facility replaces the previously outstanding 2018 Revolving Facility. The borrowings under the Term Loan require quarterly principal payments at a rate of 0.25% of the original principal balance, or $3.0. Borrowings under the 2020 Revolving Facility bear interest at a rate per annum equal to, at the option of the Company, LIBOR or the Base Rate (as defined) plus the applicable margin. The Term Loan bears interest at a rate per annum equal to, at the option of the Company, LIBOR or Base Rate (as defined) plus the applicable margin. The new credit agreement also contains customary affirmative and restrictive covenants. Debt issuances fees paid associated with the credit agreement and Term Loans were $17.7.

As of March 31, 2021, the Company had outstanding borrowing of $87.0 under the 2020 Revolving Facility and $7.7 of outstanding letters of credit. Taking into account outstanding letters of credit, $305.3 remained available as of March 31, 2021. As of March 31, 2021 and September 30, 2020, our weighted average interest rate on short-term borrowings was 2.6% and 6.7%, respectively.

Interest Rate Swaps - In March 2017, the Company entered into an interest rate swap agreement with one major financial institution that fixed the variable benchmark component (LIBOR) on $200.0 of Energizer's variable rate debt through June 2022 at an interest rate of 2.03%.

In February 2018, the Company entered into a forward starting interest rate swap with an effective date of October 1, 2018 with one major financial institution that fixed the variable benchmark component (LIBOR) on additional variable rate debt at an interest rate of 2.47%. At the effective date, the swap had a notional value of $400.0. Beginning April 1, 2019, the notional amount decreased $50.0 each quarter, and continued to decrease until its termination date of December 31, 2020.

In conjunction with the term loan refinance in December 2020, the Company terminated both of these interest rate swaps and entered into a new interest rate swap with an effective date of December 22, 2020, that fixed the variable benchmark component (LIBOR) at an interest rate of 0.95% on variable rate debt of $550.0. On January 22, 2021, the notional value increased to $700.0 and will stay at that value through December 22, 2024. The notional value will decrease by $100.0 on December 22, 2024 and by $100.0 each year thereafter until its termination date on December 22, 2027.

Notes payable - The notes payable balance was $92.3 at March 31, 2021 and $3.8 at September 30, 2020. The March 31, 2021 balance was comprised of $87.0 of outstanding borrowings on the 2020 Revolving Facility as well as $5.3 of other borrowings, including those related to foreign affiliates. The September 30, 2020 balance was comprised of other borrowings, including those related to foreign affiliates.

Debt Covenants - The agreements governing the Company's debt contain certain customary representations and warranties, affirmative, negative and financial covenants and provisions relating to events of default. If the Company fails to comply with these covenants or with other requirements of these debt agreements, the lenders may have the right to accelerate the maturity of the debt. Acceleration under one of these debt agreements would trigger cross defaults to other borrowings. As of March 31, 2021, the Company was in compliance with the provisions and covenants associated with its debt agreements.

The counterparties to long-term committed borrowings consist of a number of major financial institutions. The Company consistently monitors positions with, and credit ratings of, counterparties both internally and by using outside ratings agencies.


	Long-term debt
One year	$	12.0
Two year	12.0
Three year	12.0
Four year	12.0
Five year	12.0

Thereafter	3,302.5
Total long-term debt payments due	$	3,362.5