Harsco closes $150M AR securitization with PNC; $120M drawn, $2M annual interest savings

ENVIRI Corp

Facility capacity $150M; initial draw ~$120M provides immediate liquidity and reduces leverage under senior credit agreement.
Annual interest savings of ~$2M from asset monetization; three-year term ending June 2025.
Receivables sold by bankruptcy-remote subsidiary Harsco Receivables LLC; PNC Bank as administrative agent.
Amendment No. 10 to credit agreement raises securitization facility cap to $150M and adjusts related covenants.
Remaining undrawn capacity available for future funding at Company's discretion.

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