By Marisa Wong and Cristal Cody
Los Angeles, Aug. 10 – Ecolab Inc. priced $300 million of 2.75% notes due Aug. 18, 2055 on Monday with a spread of 83 basis points over Treasuries, according to a market source.
Price talk was in the Treasuries plus 105 bps area, as reported.
Barclays, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the bookrunners.
The cleaning and sanitizing company is based in St. Paul.
| Issuer: | Ecolab Inc.
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| Amount: | $300 million
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| Description: | Notes
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| Maturity: | Aug. 18, 2055
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| Bookrunners: | Barclays, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC
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| Coupon: | 2.75%
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| Spread: | Treasuries plus 83 bps
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| Pricing date: | Aug. 9
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| Price guidance: | Treasuries plus 105 bps area
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