Clorox Announces Pricing of $300 Million Senior Notes
|
|
|
| Posted
:
Wed, 04 Nov 2009 20:27:35 GMT |
| Author
:
The Clorox Company |
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
| Press Release
News |
Home
|
|
|
|
OAKLAND, CA -- 11/04/09 --
The Clorox Company (NYSE: CLX) today announced
that it has priced an offering of $300 million aggregate principal amount
of its 3.55 percent senior notes due Nov. 1, 2015, in an underwritten
registered public offering. The offering was made pursuant to an effective
shelf registration statement Clorox filed with the Securities and Exchange
Commission (SEC) on Oct. 3, 2007, as amended on Nov. 4, 2009. The offering
is expected to close on Nov. 9, 2009, subject to customary closing
conditions. Clorox intends to use the net proceeds from the offering to
retire commercial paper.
Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Wells Fargo
Securities, LLC acted as joint lead book-running managers. Earlier today,
Clorox filed a preliminary prospectus supplement and an accompanying
prospectus with the SEC in connection with the offering of the senior
notes. Copies of these materials are available by contacting Citigroup
Global Markets Inc. at 388 Greenwich Street, New York, NY 10013, or by
telephone at (877) 858-5407; J.P. Morgan Securities Inc. at 270 Park
Avenue, New York, NY 10017, or by telephone at (212) 834-4533; or Wells
Fargo Securities, LLC at 1525 West W.T. Harris Boulevard, NC0675,
Charlotte, NC 28262, Attn: Syndicate Operations, or by telephone at (800)
326-5897. Electronic copies of the preliminary prospectus supplement and
accompanying prospectus are available on the SEC's Web site at www.sec.gov.
The Clorox Company
The Clorox Company is a leading manufacturer and marketer of consumer
products with fiscal year 2009 revenues of $5.5 billion. Clorox markets
some of consumers' most trusted and recognized brand names, including its
namesake bleach and cleaning products, Green Works® natural cleaners,
Armor All® and STP® auto-care products, Fresh Step® and Scoop Away®
cat litter, Kingsford® charcoal, Hidden Valley® and K C Masterpiece®
dressings and sauces, Brita® water-filtration systems, Glad® bags,
wraps and containers, and Burt's Bees® natural personal care products.
With approximately 8,300 employees worldwide, the company manufactures
products in more than two dozen countries and markets them in more than 100
countries. Clorox is committed to making a positive difference in the
communities where its employees work and live. Founded in 1980, The Clorox
Company Foundation has awarded cash grants totaling more than $77 million
to nonprofit organizations, schools and colleges. In fiscal 2009 alone, the
foundation awarded $3.6 million in cash grants, and Clorox made product
donations valued at $7.8 million.
Forward-looking statements
This press release contains "forward looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended (the Securities
Act), and Section 21E of the Securities Exchange Act of 1934, as amended
(the Exchange Act), and such forward looking statements involve risks and
uncertainties. Except for historical information, matters discussed above,
including statements about future plans, objectives, or expectations, are
forward looking statements based on management's estimates, assumptions and
projections. Words such as "expects," "intends," "plans," and variations on
such words, and similar expressions, are intended to identify such forward
looking statements. These forward looking statements are only predictions,
subject to risks and uncertainties, and actual results could differ
materially from those discussed above. Important factors that could affect
performance and cause results to differ materially from management's
expectations are described in the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in the company's Annual Report on Form 10-K for the year ended
June 30, 2009, as updated from time to time in the company's SEC filings.
In addition, the completion of the securities offering discussed in this
press release is subject to customary closing conditions. The company's
forward looking statements in this report are based on management's current
views and assumptions regarding future events and speak only as of their
dates. Investors are cautioned not to place undue reliance on any such
forward looking statements. The company undertakes no obligation to
publicly update or revise any forward looking statements, whether as a
result of new information, future events or otherwise, except as required
by the federal securities laws.
Media Relations
Dan Staublin
(510) 271-1622
Kathryn Caulfield
(510) 271-7209
Investor Relations
Li-Mei Johnson
(510) 271-3396
Steve Austenfeld
(510) 271-2270
|

Copyright © 2008
Market Wire. All
rights reserved.
|
|
|
|
|
Related
News
ViSalus Sciences® Launches Initiative to Help Feed Hungry Children in Local Communities
In an Effort to Impact the Lives of Hungy Children Across the World, ViSalus Sets Goal to Donate 100,000+ Healthy Meals through the Body By Vi™ Community Challenge to Local Communities/I/P
PLos Angeles, CA (PRWEB) November 22, 2009 -- At a recent ViSalus Sciences® national co...
Kerio Appoints Industry Veteran Pavel Suk as Vice President of Engineering SAN JOSE, CA -- 11/22/09 --
Kerio Technologies, Inc., a leading provider
of Internet security and messaging solutions, today announced that Pavel
Suk has joined the company's executive management team as vice president of
Engineering. Bringing more..
Leading VAR of New and Refurbished Networking Equipment Launches Network Analysis and Troubleshooting Services
Abacus Solutions delivers Network Services designed to ease the burden off of IT departments. The company boasts a staff of in-house, experienced engineers and an extensive in-stock inventory of new and refurbished networking equipment./I/P
PMarietta, GA (PRWEB) November 22, 2009 -- Ab...
BQDRI and PROJACS INTERNATIONAL sign MOU to support the implementation of sustainability DOHA, Qatar -
BARWA and Qatari Diar Research Institute (BQDRI), that focus on studies
about new knowledge in sustainability and its application, and
Get Moving Catalog Launches DiabetesMiami.Com, A Fundraising Initiative with the American Diabetes Association of Southeast Florida. (EMAILWIRE.COM, November 22, 2009 ) Miami, Florida - As charities and non-profits struggle in difficult economic times, many are seeking new approaches to improve their fundraising efforts. In that vein, the American Diabetes Association of Southeas..
StockSource.us Reports Green Energy Stock to Explode (EMAILWIRE.COM, November 22, 2009 ) Del Mar, CA – The Environmental Protection Agency reports one of the biggest challenges facing livestock producers is managing manure and process water in a way that protects environmental quality and controls odo..
LiquidStockReport.com - Green Energy Live provides Engineering Assistance. (EMAILWIRE.COM, November 22, 2009 ) Del Mar, CA - Being a leader in the biomass-to-ethanol industry and a provider of complete equipment packages for biomass energy systems, Green Energy Live provides engineering assistance, assists customers in appl..
|
|
|
|
|
|
|
|
|