Fitch Rates Clorox's $500MM 10-Year Senior Unsecured Notes 'BBB+'

Australia Today
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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to The Clorox Company's (Clorox) $500 million 10-year senior unsecured notes to be issued today. Proceeds will be used mainly to repay all or a portion of the outstanding $575 million 5% notes due in January 2015. The notes will be issued under the fourth supplement to the October 2007 Indenture. They contain the customary provision of a change of control triggering event if approximately 50% of Clorox's ownership changes or

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