Clean Harbors plans $1 billion term loan for HydroChemPSC buy

By Sara Rosenberg

New York, Aug. 4 – Clean Harbors Inc. has a received a commitment for a $1 billion term loan to help fund its acquisition of HydroChemPSC from Littlejohn & Co. LLC for $1.25 billion, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Goldman Sachs Bank USA provided the debt commitment.

Other funds for the transaction will come from available cash.

Closing is expected this year, subject to regulatory approval and other customary conditions.

Clean Harbors is a Norwell, Mass.-based provider of environmental and industrial services. HydroChemPSC is a provider of industrial cleaning, specialty maintenance and utilities services.

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