debt
confidence high
sentiment neutral
materiality 0.70
Ecolab issues $5B in notes to fund CoolIT acquisition and general purposes
ECOLAB INC.
- Issued $1.2B 4.600% notes due 2029, $900M 4.800% notes due 2031, $1.5B 5.150% notes due 2033, $1.4B 5.350% notes due 2036.
- Net proceeds to fund acquisition of CoolIT Systems (Frigeo Holdings LLC) and for general corporate purposes.
- Notes are redeemable at option; special mandatory redemption at 101% if CoolIT deal not closed by Sept 16, 2026 or terminated.