Cases & Deals

Exide Technologies enters into Purchase and Support Agreement

Clients Exide Technologies, Inc.

Jones Day represented Exide Technologies, a global provider of stored electrical energy solutions, in a Purchase and Support Agreement with key investors, pursuant to which, among other things: (i) certain investors purchased $80 million in aggregate principal amount of 7.25% Second Lien Senior Secured Convertible PIK Notes due 2025, (ii) Exide completed an offer to exchange up to $303.5 million in aggregate principal amount of its existing 11% First Lien Senior Secured Notes due 2020 for an equal principal amount of new first lien notes with extended maturity, and (iii) certain investors purchased $150 million in aggregate principal amount of 11% First Lien Senior Secured Notes due 2022 and 4,050,000 shares of Common Stock.

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