Citi Approaching Lenders to Fund Ecolab’s $4.8 Billion Deal

Citigroup is seeking other lenders to join roughly $4.8 billion in financing to back Ecolab's purchase of CoolIT Systems. The story signals a sizeable syndicated acquisition financing is being arranged, creating bank syndicate exposure and representing a material deal size for Ecolab; no terms or timeline were disclosed.

Analysis

Citigroup is seeking other lenders to join roughly $4.8 billion in financing to back Ecolab's purchase of CoolIT Systems. The story signals a sizeable syndicated acquisition financing is being arranged, creating bank syndicate exposure and representing a material deal size for Ecolab; no terms or timeline were disclosed.