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Citi arranges financing for Ecolab’s $4.8 billion CoolIT deal - Bloomberg
Citigroup is organizing a roughly $4.8 billion financing package for Ecolab Inc.'s acquisition of CoolIT Systems Inc. from KKR & Co. The deal, which involves Ecolab purchasing CoolIT for $4.75 billion in cash, is expected to include the sale of investment-grade bonds. CoolIT specializes in cooling technology for AI data centers, and Ecolab’s senior unsecured debt ratings have been affirmed at A- by S&P Global Ratings and Fitch.