Davis Polk advised Bank of America, N.A. as administrative agent in connection with a $500 million 364-day revolving credit facility for Ecolab Inc. The 364-day facility refinances Ecolab’s existing 364-day facility and will be used for general corporate purposes and to backstop commercial paper.
Headquartered in St. Paul, Minnesota, Ecolab is the global leader in water, hygiene and energy technologies and services that provide and protect clean water, safe food, abundant energy and healthy environments. Ecolab develops and markets premium programs, products and services for the hospitality, food service, health care, industrial and energy markets in more than 160 countries, with $6.8 billion in global sales in its most recent fiscal year.
The Davis Polk credit team included partner Jason Kyrwood and associates Adam J. Ross and Kyle D. Bady. Sonya Jackman was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.
