Ecolab announces that wholly-owned subsidiary, Nalco, intends to redeem all its outstanding senior notes, including US$500M of 8.25% senior notes due 2017, US$750M of 6.625% senior notes due 2019

Alison Gallant

Alison Gallant

Dec 12, 2011 – Business Wire

December 12, 2011 (press release) – Ecolab Inc. announced today that its wholly-owned subsidiary, Nalco Company, intends to redeem all of its outstanding senior notes, including $500 million aggregate principal amount of 8.25% Senior Notes due 2017, $750 million aggregate principal amount of 6.625% Senior Notes due 2019 and €200 million aggregate principal amount of 6.875% Senior Notes due 2019 (together the “Notes”).

Nalco expects to redeem 35% of each series of Notes on January 8, 2012 and the remaining 65% of each series of Notes on January 10, 2012 (respectively, the “Redemption Date”). All interest on the Notes called for redemption will cease to accrue on and after the Redemption Date.

Copies of the notice of redemption will be sent to all record holders by The Bank of New York Mellon Trust Company, the trustee under each of the indentures governing the Notes.

With 2011 annualized sales of $11 billion and more than 38,000 employees, Ecolab Inc. (NYSE: ECL) 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 delivers comprehensive programs and services to the food, energy, healthcare, industrial and hospitality markets in more than 160 countries. More Ecolab news and information is available at www.ecolab.com.

This news release contains various "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements concerning redemption of the Nalco senior notes. These statements, which represent Ecolab's expectations or beliefs concerning various future events, are based on current expectations that involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. We caution that undue reliance should not be placed on forward-looking statements, which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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