Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Clorox Co. > News item |
Clorox enters into $1.2 billion five-year revolving credit facility
By Wendy Van Sickle
Columbus, Ohio, Nov. 18 – Clorox Co. entered into a $1.2 billion five-year revolving credit facility on Friday, according to an 8-K filing with the Securities and Exchange Commission.
The interest rate is Libor plus 70 basis points to 112.5 bps. The facility fee is 5 bps to 12.5 bps. Both depend on the company’s ratings. The company may also solicit bids from the lenders for a competitive bid borrowing.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as the joint lead arrangers and joint bookrunners. Citibank, NA, JPMorgan Chase Bank, NA and Wells Fargo Bank, NA are the administrative agents. Citibank is also acting as the servicing agent. MUFG Bank Ltd., Royal Bank of Canada and U.S. Bank NA are the documentation agents.
The revolver is available for general corporate purposes.
The company terminated its $1.1 billion credit agreement due Feb. 8, 2022 with JPMorgan, Citibank and Wells Fargo as administrative agents.
Clorox is a manufacturer and marketer of consumer and professional products based in Oakland, Calif.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.