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ap

Clorox prices $300 million debt offering

Clorox says it will sell $300 million of notes due 2015, will use proceeds to retire debt

  • On 3:50 pm EST, Wednesday November 4, 2009

OAKLAND, Calif. (AP) -- The Clorox Co. said Wednesday it will sell $300 million in senior notes due 2015 in a public offering.

The consumer products company said the 3.55 percent notes are due Nov. 1, 2015. The offering is set to close on Nov. 9.

In a Securities and Exchange Commission filing, Clorox said it will use proceeds from the offering to retire commercial paper.

Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities LLC are underwriting the deal.

Shares of Clorox gained 23 cents to $58.89 in afternoon trading.

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