debt
confidence high
sentiment neutral
materiality 0.50
Clean Harbors issues $745M 5.750% notes due 2033 and enters $1.26B amended credit facility to refinance debt
CLEAN HARBORS INC
- Issued $745M of 5.750% senior notes due 2033; interest payable semi-annually starting April 15, 2026.
- Entered $1.26B amended term loan facility maturing Oct 9, 2032 at SOFR+1.50% or base+0.50%.
- Proceeds used to refinance $1.4573B existing term loans and redeem $545M 4.875% notes due 2027.
- Notes are senior unsecured; term loans secured by substantially all assets and guaranteed by domestic subs.
- Certain subsidiary guarantors released; mortgages on properties under $25M released.
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