secwatch.observer — SEC 8-K summary
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Issuer:     CLOROX CO /DE/ (CLX)
CIK:        0000021076
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001206774-26-000133
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clorox enters $2.25B credit facilities to fund GOJO (PURELL) acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21076/000120677426000133/0001206774-26-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21076/000120677426000133/clx4605211-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-26-000133

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