Clorox in $2.25 Billion Revolving Credit Facility

Cleary Gottlieb represented The Clorox Company (Clorox) in $2.25 billion in credit facilities in connection with its acquisition of Gojo Industries Inc. (Gojo).

The credit facilities consist of a $1 billion senior unsecured 364-day revolving credit facility and a 364-day $1.25 billion senior unsecured delayed draw term facility. JPMorgan Chase Bank N.A., Citibank N.A., and Wells Fargo Bank, National Association are serving as administrative agents, and JPMorgan Chase Bank N.A. is serving as servicing agent.

The financing transactions closed on March 6, 2026, and Clorox’s acquisition of Gojo closed on April 1, 2026. The delayed draw term facility was drawn in full on April 1, 2026 in order to finance the acquisition and related fees and expenses.

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 and cleaning products.

Gojo is a leader of skin health and hygiene solutions. It owns the Purell brand, which is trusted for safe, effective hygiene and holds the No. 1 share position in hand sanitizer across both B2B and retail channels.

The Cleary finance team included partner Duane McLaughlin and associates Nicholas Pokas and Tianyi Zhao. Partners Helena Grannis and Francesca Odell advised on capital markets matters. Partner Matthew Brigham and associates Nathaniel Pribil and Yoolim Lee advised on tax matters. Law clerk Daniel Vicente Alayo-Matos assisted on ’40 Act matters.