Short answer
Clorox (CLX) filed an 8-K current report with the SEC on March 10, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). CLX acquiring GOJO (maker of PURELL®) via membership interest purchase: transformative deal adding a major hand hygiene brand.
Clorox 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- CLX acquiring GOJO (maker of PURELL®) via membership interest purchase: transformative deal adding a major hand hygiene brand
- $1.25B delayed draw term loan funds GOJO acquisition consideration, GOJO debt repayment, and deal fees; matures March 5, 2027
- $1.0B 364-day revolving credit facility for general corporate purposes; converts to term loan maturing March 2028 if not repaid by March 2027
- Combined $2.25B in new senior unsecured debt: material leverage increase; both facilities carry only one financial covenant (interest coverage ratio)
- Equity/debt issuance proceeds trigger mandatory commitment reductions: signals CLX likely to raise capital post-close to delever
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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