Deal Details
Clean Harbors Completes $745 Million Senior Notes Offering
Summary
Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH), recently announced a private offering of $745 million of senior notes due 2033 (the “notes”). The notes, which carry an interest rate of 5.750%, were priced for purposes of resale at 100.000% of their aggregate principal amount. Clean Harbors intends to use the net proceeds from the offering of notes and $1,260.0 million in borrowings under a new secured term loan credit facility that the Company anticipates entering into concurrent with the closing of the offering of notes, together with cash on hand, to (i) repay all of the approximately $1,457.3 million aggregate principal amount of secured senior term loans that are outstanding under the Company’s existing term loan credit facility, (ii) redeem all of the $545.0 million aggregate principal amount outstanding of the Company’s 4.875% senior notes due 2027 and (iii) pay related fees and expenses.
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 based in Norwell, Massachusetts.CONTACT US TO LEARN MORE
- Date
- October 2025
- Company
- Clean Harbors, Inc.
- Transaction
-
Equity Capital Markets
Capital Solutions - Sectors
-
Industrial
Technology & Services - Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
Share
