Clean Harbors replaces credit facility with $600M revolving line, borrowing base tied to receivables

CLEAN HARBORS INC

New $600M revolving facility replaces prior credit agreement; no loans outstanding but $136.4M in letters of credit carried over.
US borrower can access $550M (letters of credit sublimit $250M); Canadian borrower $50M (LC sublimit $75M).
Borrowings bear interest at SOFR + 1.5% or Base Rate + 0.5%; unused line fee 0.25%-0.375%.
Facility expires June 28, 2029; secured by accounts receivable of US and Canadian subsidiaries.
Covenants limit debt, acquisitions, investments, and distributions subject to liquidity thresholds.

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