Clorox Enters $2.25 Billion in Credit Facilities to Help Fund GOJO Acquisition
Clorox entered two credit agreements on March 6, 2026, totaling $2.25 billion, in connection with its purchase of GOJO Industries, maker of PURELL. The $1.25 billion delayed draw term loan is designed to help finance part of the acquisition price, so the company will take on new senior unsecured debt if the deal closes.
Key points
- 364-day revolving credit agreement of $1 billion, with borrowings available until March 5, 2027
- Delayed draw term credit agreement of $1.25 billion, to fund part of the GOJO acquisition consideration
- Delayed draw commitments terminate on the earliest of December 31, 2026, termination of the acquisition agreement, or closing without using this financing
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 10, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.