Clean Harbors completes HydroChemPSC acquisition for $1.25B; funds with $1.0B term loan

CLEAN HARBORS INC

Acquired HydroChemPSC from Littlejohn & Co. affiliate for approximately $1.25 billion in all-cash, subject to customary adjustments.
Financed with $1.0 billion incremental term loans (2021 Incremental Term Loans) maturing October 8, 2028.
Term loan bears interest at Eurodollar+2.00% (0% floor) or Base+1.00% (1% floor); 1% prepayment premium if repriced before May 2022.
HydroChemPSC is a leading U.S. provider of industrial cleaning, specialty maintenance, and utilities services.

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