secwatch.observer — SEC 8-K summary
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Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001193125-22-232802
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harsco amends $700M revolver; relaxes leverage covenants through 2024
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- Amendment No. 12 to the $700M revolving credit facility caps total net leverage at 5.50x through end of 2023, stepping down to 4.00x by Q4 2024.
- Interest coverage covenant reduced to 2.75x through end of 2024 (subject to 0.25x increase upon Rail disposition).
- Relief period extended to December 31, 2024; pricing grid revised with LIBOR spread ranging from 150 to 275 bps.
- Certain negative covenant exceptions suspended during relief period; significant acquisition step-up also suspended.
- Amendment No. 11 (technical fix) also entered into on August 19, 2022, but immaterial.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000119312522232802/0001193125-22-232802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000119312522232802/d391165d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-232802

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