Deal Details

Clean Harbors Completes $600 Million Senior Notes Offering

Industrial
Technology & Services

Clean Harbors senior notes offering

Summary

Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH), recently announced the pricing of a private offering of $600 million of senior notes due 2034 (the “Notes” or the “Offering”). The Notes, which carry an interest rate of 6.250%, were priced for purposes of resale at 100.00% of their aggregate principal amount. Clean Harbors intends to use the net proceeds from the Offering of Notes to finance the Company’s previously announced acquisition of EnviroServe, and the remainder of the net proceeds to repay the borrowings under its revolving credit facility that were incurred to partially finance the Company’s previously announced acquisition of ES&H.

Baird served as a co-manager on the 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, manufacturing and refining, 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 a leading provider of parts washers and environmental services to commercial, industrial and automotive customers, as well as North America’s largest re-refiner and recycler of used oil. Clean Harbors is headquartered in Norwell, Massachusetts.