Company: CLX
Filing Date: 2025-03-28
Form Type: 8-K
Source: 0001206774-25-000171
Chunk: 1

Company: CLOROX CO /DE/
Filing Date: 2025-03-28
Form: 8-K
Item: Item 1.01
Chunk 1
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 of two methods
for calculating the interest due on borrowings (other than letters of credit) under the Agreement:

(A) the base rate, equal to the highest of (i) the rate quoted by The
Wall Street Journal as the “ Prime Rate” in the U. S. from time to time, (ii) the sum of one half of one percent plus the greater
of (x) the federal funds effective rate and (y) the overnight bank funding rate, in each case as determined by the Federal Reserve Bank
of New York and (iii) the Adjusted Term SOFR Rate for a one month interest period as published two U. S. Government Securities Business
Days prior to such day (or if such day is not a Business Day, the immediately preceding Business Day) plus one percent (provided that
if the base rate is less than one percent, such rate shall be deemed to be one percent); plus an applicable margin depending on the credit
rating assigned to the debt under the Agreement or, if none, the credit rating assigned to the senior unsecured long-term debt securities
of the Company (the “ Credit Rating”); or

(B) a rate equal to the Term SOFR Rate for the applicable interest
period plus 0.1%, plus an applicable margin depending on the Credit Rating.

The Company is required to pay a quarterly facility
fee, which varies depending on the Credit Rating. Letters of credit issued under the Agreement are subject to a letter of credit fee (which
varies depending on the Credit Rating) and related fronting fees.

The foregoing description of the Agreement does
not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit
10.1 and incorporated herein by reference.

Item 1.02 Termination of a Material Definitive Agreement