Citigroup Lines Up Lenders for Ecolab’s $4.8 Billion CoolIT Financing
Citigroup is soliciting additional lenders to participate in a roughly $4.8 billion financing package that will support Ecolab Inc.'s planned cash acquisition of CoolIT Systems. The transaction, which Ecolab announced earlier this month, is expected to rely on investment-grade bond sales. Credit agencies currently rate Ecolab's senior unsecured deb…