S&P rates Clorox notes A-

S&P Global Ratings today assigned its A- issue-level rating to Clorox Co.'s proposed $500 million senior unsecured notes due 2030.

Proceeds will be used to repay revolver borrowings and the remainder for general corporate purposes.

“We expect the issuance will be leverage neutral,” said S&P in a press release.

All of S&P’s ratings on Clorox, including its A-issuer credit, remain unchanged.

The outlook remains stable.

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