New Issue-Ecolab sells $500 mln notes

Mon Aug 6, 2012 3:52pm EDT

Aug 6 (Reuters) - Ecolab Inc. on Monday sold $500
million of senior notes, said IFR, a Thomson Reuters service. 
    Credit Suisse and Bank of America Merrill Lynch were the
joint bookrunning managers for the sale.

BORROWER: ECOLAB INC. 

AMT $500 MLN    COUPON 1 PCT       MATURITY    08/09/2015
TYPE SR NTS     ISS PRICE 99.95    FIRST PAY   02/09/2013
MOODY'S Baa1    YIELD 1.017 PCT    SETTLEMENT  08/09/2012   
S&P BBB-PLUS    SPREAD 70 BPS      PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 10 BPS
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.