Clean Harbors Announces $500 Million Senior Notes Offering

Author's Avatar
Jan 17, 2023

Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH) announced today that it is commencing a private offering of $500 million of senior notes (the “notes”). Clean Harbors expects the notes to mature in 2031. It is anticipated that the net proceeds from this offering and a $114.0 million loan under Clean Harbors’ existing revolving credit facility, together with cash on hand, will be used to repay the $614.0 million aggregate principal amount of senior secured term loans due in 2024 which are now outstanding under the Company’s term loan credit facility and to pay fees and expenses in connection with the offering of the notes and accrued interest in connection with such repayment of senior secured term loans.