Deal Details
Clean Harbors Completes $500 Million Senior Notes Offering
Summary
Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH), recently completed a private offering of $500 million of senior notes due 2031 (the “notes”). The notes, which carry an interest rate of 6.375%, were priced for purposes of resale at 100.000% of their aggregate principal amount. Clean Harbors intends to use the net proceeds of the offering and a $114.0 million loan under Clean Harbors’ existing revolving credit facility, together with cash on hand, to repay the $614.0 million aggregate principal amount of senior secured term loans due in 2024.
Baird served as a co-manager on this offering.
About
Clean Harbors is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980, Clean Harbors operates throughout the United States, Canada, Mexico, Puerto Rico and India. Clean Harbors is headquartered in Norwell, Massachusetts.CONTACT US TO LEARN MORE
- Date
- January 2023
- Company
- Clean Harbors, Inc.
- Transaction
- Private Capital Markets
- Sectors
-
Industrial
Technology & Services - Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
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