secwatch.observer — SEC 8-K summary
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Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2022-06-30T23:59:59+00:00
Accession:  0001193125-22-186159
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000119312522186159/0001193125-22-186159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000119312522186159/d339697d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-186159

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