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ECOLAB INC. 8-K Report, Material Agreement (Nov 10, 2022)

Reports
Material Agreements·Other Events·Exhibits & Filings
Filing Date
Filed November 10, 2022
Period End
November 7, 2022
Security
ECL
In the record · 2016–202610-K1110-Q328-K144

ECL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Sep ’16Sep ’16
  2. Restructuring8-K · Feb ’19Feb ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Leadership change8-K · May ’26May ’26

01—Abstract

Summary

Summary of the 8-K filed November 10, 2022. Cited figures are marked; the original filing is the authoritative source.

Ecolab Inc. (ECL) filed an 8-K on November 9, 2022, reporting on a material definitive agreement and other events.

The core of the filing is the company's entry into an Underwriting Agreement on November 7, 2022, to issue and sell $500 milliona in aggregate principal amount of 5.250% Notes due 2028. This debt offering was registered under a previously effective shelf registration statement. The agreement outlines customary representations, warranties, covenants, and indemnification provisions between Ecolab and the underwriters, led by BofA Securities, Citigroup Global Markets, and Goldman Sachs.

The closing of this note offering is anticipated for November 17, 2022, contingent upon standard closing conditions. This filing primarily informs investors about Ecolab's financing activities and its continued access to capital markets.

02—Key points

Key Highlights

  1. Ecolab Inc. entered into an Underwriting Agreement on November 7, 2022.
  2. The company plans to issue and sell $500,000,000 of 5.250% Notes due 2028.
  3. The offering is being underwritten by BofA Securities, Inc., Citigroup Global Markets Inc., and Goldman Sachs & Co. LLC.
  4. The Notes offering is registered under Ecolab's existing Form S-3 shelf registration statement.
  5. The Underwriting Agreement includes standard representations, warranties, covenants, and indemnification clauses.
  6. The closing of the note offering is expected on November 17, 2022, subject to closing conditions.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K filing?

    The primary purpose of this 8-K filing is to disclose Ecolab Inc.'s entry into a material definitive agreement, specifically an Underwriting Agreement for the issuance and sale of $500 million in 5.250% Notes due 2028. It also informs investors about the terms and expected closing of this debt offering.

  2. What are the terms of the new debt offering?

    Ecolab Inc. is issuing $500 million in aggregate principal amount of 5.250% Notes due 2028. The offering is being conducted under a shelf registration statement and involves an Underwriting Agreement with several major financial institutions.

  3. When is the expected closing date for the note offering?

    The closing of the offering of these Notes is expected to occur on November 17, 2022, provided that customary closing conditions are met.

  4. Does this filing indicate any new business strategies or operational changes for Ecolab?

    No, this 8-K filing is focused purely on a financing event. It details the terms of a debt issuance and does not provide information regarding new business strategies, operational changes, or recent financial performance beyond what is implied by the need to raise capital.

04—Continue

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