Clorox in $1.5 Billion Offering

Cleary Gottlieb represented The Clorox Company (Clorox) in an SEC-registered offering of $550 million aggregate principal amount of 4.7% senior notes due 2031, $400 million aggregate principal amount of 4.95% senior notes due 2033, and $550 million aggregate principal amount of 5.25% senior notes due 2036.

The offering was underwritten by a syndicate of investment banks led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities LLC. The transaction priced on May 6, 2026, and closed on May 11, 2026.

Clorox intends to use the net proceeds from this offering for the repayment of its outstanding indebtedness under its delayed draw term credit agreement in an aggregate principal amount of $1.25 billion and to pay down certain of its outstanding commercial paper borrowings incurred in connection with its acquisition of GOJO Industries Inc., and to use the remainder of the net proceeds, if any, for general corporate purposes.

Clorox is a leading multinational manufacturer and marketer of consumer and professional products. It markets some of the most trusted and recognized consumer brand names, including its namesake bleach, cleaning, and disinfecting products.

The Cleary corporate team included partners Francesca Odell, Helena Grannis, and Synne Chapman and associates Sophie Low and Jean Choi. Partner Matthew Brigham and associates Nathaniel Pribil and Yoolim Lee advised on tax matters. Partner Samuel Chang advised on sanctions matters.