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Clorox Secures New Credit Facilities for GOJO Acquisition
Clorox (CLX) has secured $2.25 billion in unsecured credit facilities, including a $1 billion revolving credit line and a $1.25 billion delayed-draw term loan, to finance its acquisition of GOJO Industries. This strategic move aims to expand Clorox’s hygiene portfolio. Currently, analysts rate CLX stock as a Hold with a $115.00 price target, while TipRanks’ AI Analyst, Spark, assigns a Neutral score due to financial risk factors despite improved profitability.