Ecolab Announces Early Participation Date Results for Exchange Offers and Extension of Deadline to Receive the Early Participation Amount
August 23, 2021 at 02:00 pm
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Ecolab Inc. announced results as of the expiration of the early participation period at 5:00 p.m., New York City time, on August 20, 2021, of its offers to certain eligible holders to exchange its outstanding notes of the four series described in the table below for up to $500 million aggregate principal amount of its newly issued 2.750% Notes due 2055 and cash. The New Notes will be a further issuance of, and will be in addition to, the 2.750% notes due 2055 that Ecolab issued for cash on August 18, 2021, in the aggregate principal amount of $300 million. Ecolab also announced that it has extended the deadline to receive the Early Participation Amount beyond the Early Participation Date to 11:59 p.m., New York City time, on September 3, 2021, unless extended.
Ecolab Inc. specializes in the development and the marketing of cleaning and disinfection products and services. The activity is insured with hotels, restaurants, hospitals, schools, shops, commercial and industrial laundries, food factories, etc. The activity is organized around three areas:
- sale of wastewater treatment products;
- sale of cleaning and disinfection products and services: wash liquids, detergents, stain removers, disinfectants, soaps, deodorants, distributors of products, equipment (dishwasher, washer, etc.), cleaning services, training, etc.;
- pest control, repair and maintenance services: detection and elimination of rats services, and repair and maintenance of equipment of kitchen and refrigeration services.
Net sales are distributed geographically as follows: the United States (53%), Europe (21%), China (4.4%), Asia/Pacific (8.5%), Latin America (6.6%), India/Middle East/Africa (3.6%), and Canada (2.9%).