Ecolab Completes Bond Financing
December 08 2011 - 4:36PM
Business Wire
Ecolab Inc. announced today it has completed its public offering
of $3.75 billion aggregate principal amount of senior notes.
The senior unsecured notes include:
- $500 million of 2.375% notes due
2014
- $1.25 billion of 3.0% notes due
2016
- $1.25 billion of 4.35% notes due
2021
- $750 million of 5.5% notes due
2041
Ecolab expects to use the net proceeds from the offering to
repay outstanding commercial paper borrowings, which were issued to
finance a portion of the cash requirements relating to the
acquisition of Nalco Holding Company, to refinance Nalco’s
outstanding senior notes, and for general corporate purposes,
including to repurchase shares of its common stock.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any of the notes or any other
security.
With 2011 annualized sales of $11 billion and more than 38,000
employees, Ecolab Inc. (NYSE: ECL) is the global leader in water,
hygiene and energy technologies and services that provide and
protect clean water, safe food, abundant energy and healthy
environments. Ecolab delivers comprehensive programs and services
to the food, energy, healthcare, industrial and hospitality
markets in more than 160 countries. More Ecolab news and
information is available at www.ecolab.com.
This news release contains various "Forward-Looking Statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include statements
concerning the use of the net proceeds of the senior notes
offering, including the repayment of other borrowings and share
repurchases. These statements, which represent Ecolab's
expectations or beliefs concerning various future events, are based
on current expectations that involve a number of risks and
uncertainties that could cause actual results to differ materially
from those in such forward-looking statements. We caution that
undue reliance should not be placed on forward-looking statements,
which speak only as of the date made. The company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
More detailed information about risks and uncertainties that may
affect our operating results and business performance may be found
in our and, prior to December 1, 2011, Nalco Holding Company's
filings with the Securities and Exchange Commission, including
under Item 1A of reports filed on Form 10-K and Form 10-Q, and
include the vitality of the markets we serve; the impact of
worldwide economic factors such as the worldwide economy, credit
markets, interest rates and foreign currency risk fluctuations in
raw material and delivered product costs; our ability to develop
competitive advantages through value, innovation and customer
support; restraints on pricing flexibility due to contractual
obligations; pressure on operations from consolidation of customers
and vendors; our ability to promptly and effectively integrate the
businesses of Ecolab and Nalco and to achieve the cost savings and
synergies we anticipate from the Nalco acquisition within the
expected time frame or at all; the Nalco acquisition may involve
unexpected costs, unexpected liabilities or unexpected delays; the
ability to acquire other complementary businesses and to
effectively integrate such businesses; the costs and effects of
complying with laws and regulations relating to the environment,
including evolving climate change standards, and to the
manufacture, storage, distribution, sale and use of our products,
as well as to the conduct of our business generally, including
employment and labor laws; the occurrence of litigation or claims;
acts of war, terrorism or hostilities, natural or man-made
disasters, water shortages or severe weather conditions which
impact our markets; our ability to attract and retain high caliber
management talent; and other risks or uncertainties reported from
time to time in our filings with the Securities and Exchange
Commission.
(ECL-C)
Ecolab (NYSE:ECL)
Historical Stock Chart
From May 2024 to Jun 2024
Ecolab (NYSE:ECL)
Historical Stock Chart
From Jun 2023 to Jun 2024