secwatch.observer — SEC 8-K summary
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Issuer:     CLEAN HARBORS INC (CLH)
CIK:        0000822818
Form:       8-K
Filed at:   2021-10-12T23:59:59+00:00
Accession:  0000822818-21-000047
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822818/000082281821000047/0000822818-21-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822818/000082281821000047/clh-20211008.htm
  HTML page:      https://secwatch.observer/filing/0000822818-21-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer