Loan & DebtApr 15, 2026, 04:31 PM
Ecolab Secures $4.75B Credit Facility for Frigeo Acquisition
AI Summary
Ecolab Inc. entered into a $4.75 billion unsecured committed delayed draw term loan credit facility on April 10, 2026. The proceeds from this facility are specifically designated to finance the previously announced acquisition of Frigeo Holdings LLC and to repay certain existing indebtedness of Frigeo. The interest rates for borrowings under the agreement are variable, depending on Ecolab's credit ratings and based on Term SOFR, Daily Simple SOFR, or Base Rate options.
Key Highlights
- Secured $4.75 billion unsecured delayed draw term loan.
- Funds dedicated to finance Frigeo Holdings LLC acquisition.
- Interest rates linked to credit ratings and SOFR/Base Rate.
- Acquisition previously announced on March 20, 2026.