HARSCO COMPLETES RAISE OF NEW TERM LOANS AND AMENDMENT TO ITS CREDIT FACILITY
Harsco Corporation (HSC)
Last harsco corporation earnings: 2/21 07:00 am
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US:NYSE Investor Relations:
harsco.com/investor-relations/index.aspx
Company Research
Source: GlobeNewswire
CAMP HILL, Pa., March 31, 2020 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE: Harsco Corporation (NYSE:HSC) (the “Company”) announced today it has raised a new term loan facility (the loans thereunder, the “New Term Loans”) of $280 million as a new tranche of loans under its existing senior secured credit facilities (the “Credit Facility”). The availability of the New Term Loans is subject to customary funding conditions, including the substantially concurrent consummation of the Company’s previously announced acquisition of the Stericycle Environmental Solutions business (the “ESOL Acquisition”). The Company will draw on the New Term Loans upon the closing of the ESOL Acquisition, and the New Term Loans, along with the Company’s revolving credit facility as had been previously anticipated, will be applied to finance the ESOL Acquisition and to pay related transaction fees and expenses. The Company is currently waiting on regulatory approval for the ESOL Acquisition. Borrowings unde
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