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ECOLAB INC. — Capital/Financing Update 2012
Dec 11, 2012
29912_rns_2012-12-11_949fb83c-4262-40b1-9e27-f88a49dd43e1.zip
Capital/Financing Update
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To Prospectus dated December 2, 2011 and Preliminary Prospectus Supplement Dated December 10, 2012 Filed Pursuant to Rule 433 Registration No. 333-178273
*Ecolab Inc.*
*$500,000,000 1.450% Notes due 2017*
**Pricing Term Sheet****
*December 10 , 2012*
| Issuer: | Ecolab Inc. |
|---|---|
| Type of Offering | SEC registered (No. 333-178273) |
| Trade Date: | December 10, 2012 |
| Settlement Date: | December 13, 2012 |
| Anticipated Ratings: | Baa1 (Negative Review) by Moodys Investors Service, Inc. BBB+ (Stable Outlook) by Standard & Poors Ratings Services |
| Principal Amount: | $500,000,000 |
| Maturity Date: | December 8, 2017 |
| Coupon: | 1.450% |
| Interest Payment Dates: | June 8 and December 8, commencing June 8, 2013 |
| Price to Public: | 99.919% |
| Benchmark Treasury: | UST 0.625% due November 30, 2017 |
| Benchmark Treasury Price and Yield: | 100-01¼ ; 0.617% |
| Spread to Benchmark Treasury: | + 85 bps |
| Yield to Maturity: | 1.467% |
| Make-Whole Call: | T + 12.5 bps |
| CUSIP/ISIN: | 278865 AP5/US278865AP56 |
| Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated RBS Securities Inc. |
| Joint Lead Managers: | J.P. Morgan Securities LLC Mitsubishi UFJ Securities (USA), Inc. |
| Senior Co-manager: | SMBC Nikko Capital Markets Limited |
| Co-Managers: | U.S. Bancorp Investments, Inc. Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC Wells Fargo Securities, LLC |
*Note:* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
*The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.*
*You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at (800) 294-1322 or RBS Securities Inc. toll free at (866) 884-2071.*
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