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
CORRECTING and REPLACING eBay® Serves Up Bargains to Consumers Around the Clock with New “Deals” Application for iPhone® and iPod Touch® SAN JOSE, Calif. -
Please replace the release with the following corrected version due to
revisions to the fourth paragraph.
The corrected release reads:
EBAY® SERVES UP BARGAINS TO CONSUMERS AROUND THE CLOCK WITH NEW
&
Bright Lights, Warm Homes Program Benefits Eastside Communities BELLEVUE, Wash. -
Puget Sound Energy customers can get twice the holiday spirit for one
tenth the energy by making a donation to local nonprofit organization,
Hopelink, at
A Cell Phone, MP3, MP4, and Camera All in Your Wrist Watch?
Phenom™ Communications brings consumers to the cutting edge of technology - the Phenom Watch Phone™/I/P
PNew York, NY (PRWEB) December 29, 2008 -- Phenom Communications Inc. announces the launch of the most innovative gadget in the world - a href= http://www.phenomwatchphon...
AK Tube's Columbus Plant Re-Certified In VPP Safety Program
WEST CHESTER, Ohio, Nov. 24 -- The Columbus, Indiana plant of AK Tube LLC, a subsidiary of AK Steel (NYSE: AKS), has been re-certified as a Star site in the Indiana Department of Labor's Voluntary Protection Program (VPP). The Star designation signifies that the ...
What Are the Must-Have Gifts This Holiday Season? ShopSavvy’s Millions of Mobile Users Vote with Their Scans
Users of Big in Japan’s popular barcode-scanning phone app have scanned the video game
“Call of Duty 4: Modern Warfare” more than any other item this month./I/P
PDallas (Vocus) -- With Black Friday approaching, the millions of users of a href= http://www.biggu.com/a...
World Renowned Los Angeles Jewish Home's Chief of Geriatric Psychiatry Offers Tips for Recognizing and Dealing With Senior Holiday Blues
RESEDA, Calif., Nov. 24 /PRNewswire/ -- For many seniors the holidays are a time that can create feelings of sadness and loneliness. These feelings may evolve into serious depression if not properly addressed.
"The sad reality is that for seniors loved ones may no lo...
Phenom Watch Phone™ Craze Continues -- Customers to Get Involved in Phenom™ Marketing Campaign
Customers to Get Involved in Phenom™ Marketing Campaign. Public Will Vote, Best Videos to Win Top Prizes/I/P
PNew York, NY (PRWEB) April 21, 2009 -- Early this year Phenom™ Communications Inc., a cutting edge technology company, brought consumers the innovative a href= http...
|
|
|
|
|
|
|
|
|