Cases & Deals

Ecolab completes liability management transactions

Clients Ecolab Inc.

Jones Day represented Ecolab Inc., a global leader in water, hygiene, and infection prevention solutions and services, in connection with liability management transactions, including (i) a Rule 144A and Regulation S offering of $300 million aggregate principal amount of 2.750% Notes due 2055 (the “New Notes”) and (ii) an offer to exchange up to $500 million aggregate principal amount of its outstanding 5.500% Notes due 2041, 3.950% Notes due 2047, 3.700% Notes due 2046, and 4.800% Notes due 2030 for New Notes and cash. In addition, Ecolab redeemed all $500 million outstanding aggregate principal amount of its 2.375% Notes due 2022 and all $400 million aggregate principal amount of its 3.250% Notes due 2023.