As of December 31, 2010, the Company had cash and cash equivalents of $92.3 million and $124.3 million of availability under its revolving bank credit facility. This compares to cash and cash equivalents of $89.6 million and $124.6 million availability under the revolving bank credit facility at March 31, 2010. The Company generated $22.9 million free cash flow for the nine months ended December 31, 2010 as compared to free cash flow of $23.7 million for the same period of fiscal 2010.As previously disclosed, on January 25, 2011, the Company completed its private placement of $675 million of 8 5/8% Senior Secured Notes due 2018 and replaced its $200 million asset-based Revolving Credit Facility. The refinancing added approximately $76 million in cash to the balance sheet at closing.
Exide Technologies Reports Operating Income Up 36% For Its Fiscal 2011 Third Quarter
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