Ecolab Inc. launched a $5 billion investment-grade bond sale. The offering features four parts with maturities ranging from three to ten years. Strong investor demand led to tightening yields on the longest-tenured notes.
Proceeds will fund the $4.75 billion acquisition of CoolIT Systems Inc. Ecolab agreed to purchase the firm from KKR & Co. funds in March. The transaction is scheduled to close in the third quarter.
CoolIT Systems provides advanced liquid cooling technology for AI data centers. This strategic move positions Ecolab to capitalize on expanding artificial intelligence infrastructure.