debt
confidence high
sentiment positive
materiality 0.60
Clean Harbors issues $600M 6.250% senior notes due 2034 to fund $775M EnviroServe, ES&H deals
CLEAN HARBORS INC
- $600M of 6.250% senior notes due September 30, 2034; semi-annual interest on March 31 and September 30, first payment March 31, 2027.
- Proceeds: $470M funds the EnviroServe acquisition (closed October 2, 2026); the remainder repays revolver borrowings used for ES&H (closed September 18, 2026).
- Combined purchase price of $775M for EnviroServe and ES&H, which are expected to add ~$340M of annual revenue and ~$87M of post-synergy Adjusted EBITDA (8.9x multiple).
- EnviroServe: Sandy, Utah-based, serves nearly 2,500 customers via 40 locations, permits in 48 states and 18 10-day transfer facilities.
- ES&H: Louisiana-based with 13 coastal service branches and the U.S. Coast Guard's highest Oil Spill Response Organization classification.