What changed
Clean Harbors announced a private offering of $600 million of senior notes expected to mature in 2034. Net proceeds will finance the purchase price of the previously announced EnviroServe acquisition, with the remainder used to repay revolving credit facility borrowings incurred to partially finance the previously announced ES H acquisition. The offering is not contingent on completion of the acquisitions; if either is not completed, remaining net proceeds will be used for general corporate purposes.
Why it matters
Clean Harbors announced a private offering of $600 million of senior notes expected to mature in 2034. Net proceeds will finance the purchase price of the previously announced EnviroServe acquisition,