secwatch.observer — SEC 8-K summary
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Issuer:     CLOROX CO /DE/ (CLX)
CIK:        0000021076
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001206774-25-000171
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clorox enters $1.2B five-year unsecured revolving credit facility, replaces prior agreement
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- New $1.2B five-year unsecured revolving credit agreement signed March 25, 2025 with JPMorgan, Citi, and Wells Fargo as administrative agents.
- Prior $1.2B credit agreement (due March 2027) terminated concurrently; no material termination fees incurred.
- Facility available for general corporate purposes; only financial covenant is a consolidated interest coverage ratio.
- Interest rate options: base rate or Term SOFR plus applicable margin based on credit rating.
- Agreement includes customary representations, covenants, and events of default; committed lenders include major banks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21076/000120677425000171/0001206774-25-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21076/000120677425000171/clx4459511-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-25-000171

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