CLOROX CO /DE/ (CLX): debt financing — Clorox enters $2.25B credit facilities to fund GOJO (PURELL) acquisition

CLOROX CO /DE/

Entered $1B 364-day revolver and $1.25B delayed draw term loan on March 6, 2026, both unsecured and unguaranteed.
Proceeds to finance part of the GOJO acquisition consideration, pay fees, and repay GOJO indebtedness.
Revolver matures March 5, 2027 (convertible to term loan to March 5, 2028); term loan matures March 5, 2027.
Interest based on Base Rate or Term SOFR plus margin tied to Clorox's credit rating; single financial covenant for consolidated interest coverage ratio.
JPMorgan Chase, Citibank, and Wells Fargo act as joint lead arrangers, bookrunners, and administrative agents.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CLOROX CO /DE/ incurred term loan of $1,250,000,000 with JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association maturing March 5, 2027.

Instrument: term loan
Principal: $1,250,000,000
Counterparty: JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association
Maturity: March 5, 2027
Event: incurrence

Exact text from the filing

a $1,250,000,000 term credit agreement (the "Delayed Draw Term Credit Agreement"

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CLOROX CO /DE/ incurred revolving credit of $1,000,000,000 with JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association at Term SOFR Rate plus an applicable margin that fluctuates depending on the Credit maturing March 5, 2027.

Instrument: revolving credit
Principal: $1,000,000,000
Counterparty: JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association
Rate: Term SOFR Rate plus an applicable margin that fluctuates depending on the Credit
Maturity: March 5, 2027
Event: incurrence

Exact text from the filing

the Company entered into (i) a $1,000,000,000 364-day revolving credit agreement

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CLOROX CO /DE/ entered into 364-Day Revolving Credit Agreement with JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association valued at $1,000,000,000 (effective 2026-03-06).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association
Value: $1,000,000,000
Effective: 2026-03-06

Exact text from the filing

On March 6, 2026, in connection with the purchase of all of the issued and outstanding membership interests of GOJO Industries, Inc. (“GOJO”), maker of PURELL® (the “Gojo Acquisition”), pursuant to a membership interest purchase agreement (the “Acquisition Agreement”), by and among The Clorox Company (the “Company”), GOJO Industries Holdings, Inc., GOJO and certain shareholders, the Company entered into (i) a $1,000,000,000 364-day revolving credit agreement (the “364-Day Revolving Credit Agreement”) among JPMorgan Chase Bank, N.A., Citibank, N.A., and Wells Fargo Bank, National Association, as administrative agents and lenders, and the other agents and lenders party thereto

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311 debt financings filed in the last 30 days. Browse all debt financings →

CLOROX CO /DE/ filing history →

Source: SEC EDGAR

accession 0001206774-26-000133

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