Ecolab Issues $5 Billion in Senior Notes for Acquisition, General Purposes

Ecolab Inc. completed an offering of $5 billion aggregate principal amount of senior notes across four tranches with varying interest rates and maturity dates. The notes include $1.2 billion of 4.600% Notes due 2029, $900 million of 4.800% Notes due 2031, $1.5 billion of 5.150% Notes due 2033, and $1.4 billion of 5.350% Notes due 2036. The company intends to use the net proceeds to fund the acquisition of Frigeo Holdings LLC (CoolIT Systems) and for general corporate purposes, including potential repayment of commercial paper or other indebtedness.