---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-043821"
form_type: "8-K"
ticker: "ECL"
cik: "0000031462"
company_name: "ECOLAB INC."
filed_at: "2026-04-15T23:59:59+00:00"
generated_at: "2026-05-15T06:12:53.823056+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ecolab enters $4.75B term loan to finance Frigeo acquisition

## Summary
- $4.75B unsecured delayed draw term loan to finance acquisition of Frigeo Holdings and repay its existing debt.
- Interest rates based on Term SOFR, Daily Simple SOFR, or Base Rate plus margins of 0.75%-0.875%.
- Ticking fee of 0.06%-0.08% per annum during accrual period, based on Ecolab's credit ratings.
- Financial covenant requires minimum interest expense coverage ratio tested quarterly.

## SEC filing metadata
- accession: 0001104659-26-043821
- form_type: 8-K
- ticker: ECL
- cik: 0000031462
- company_name: ECOLAB INC.
- filed_at: 2026-04-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/31462/000110465926043821/0001104659-26-043821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/31462/000110465926043821/ecl-20260410x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-043821
- JSON: https://secwatch.observer/filing/0001104659-26-043821.json
- Plain text: https://secwatch.observer/filing/0001104659-26-043821.txt

## Source-grounded claims
- claim_id: 7073079e7232704695aa311a79d511eb62657463
  claim: ECOLAB INC. incurred term loan of $4.75 billion with various financial institutions, as lenders, and Citibank, N.A., as administrative agent at SOFR plus an applicable margin ranging from 0.75% to 0.875%.
  evidence_excerpt: On April 10, 2026, Ecolab Inc. (“Ecolab”) entered into a term credit agreement (the “Credit Agreement”) with various financial institutions, as lenders, and Citibank, N.A., as administrative agent, providing for a $4.75 billion unsecured committed delayed draw term loan credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31462/000110465926043821/0001104659-26-043821-index.htm
- claim_id: d76785e226d9af1c244bde568957bff752c0b0b9
  claim: ECOLAB INC. entered into Credit Agreement with various financial institutions, as lenders, and Citibank, N.A., as administrative agent valued at $4.75 billion (effective 2026-04-10).
  evidence_excerpt: On April 10, 2026, Ecolab Inc. (“Ecolab”) entered into a term credit agreement (the “Credit Agreement”) with various financial institutions, as lenders, and Citibank, N.A., as administrative agent, providing for a $4.75 billion unsecured committed delayed draw term loan credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/31462/000110465926043821/0001104659-26-043821-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.