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S&P rates Clorox notes BBB+
S&P said it rated Clorox Co.’s planned $1.1 billion of senior unsecured notes with tranches and maturities to be finalized.
“All our other ratings on Clorox, including our BBB+ issuer credit and A-2 short-term rating are unchanged,” the agency said in a press release.
The company plans to use the proceeds to repay all or a portion of its $600 million notes due in September and $500 million of its notes due in December 2024, with the remainder for general corporate purposes.
The outlook is stable.
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