debt
confidence high
sentiment neutral
materiality 0.50
Ecolab issues $500M of 5.250% Notes due 2028 for general corporate purposes
ECOLAB INC.
- Completed $500M offering of 5.250% Notes due January 15, 2028.
- Interest at 5.250% per annum, payable semi-annually on Jan 15 and Jul 15 starting Jul 15, 2023.
- Net proceeds for general corporate purposes, including repayment of commercial paper.
- Notes redeemable at Ecolab's option at specified redemption prices per the Indenture.
- Change of control trigger requires repurchase at 101% of principal plus accrued interest.