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Clean Harbors kicks off $400 million incremental term loan
By Paul A. Harris
Portland, Ore., Feb. 22 – Clean Harbors was scheduled to present a $400 million fungible incremental term loan B due 2029 to investors on a Thursday conference call, according to a market source.
Goldman Sachs is the left arranger. JPMorgan, BofA, Citizens, Truist, Stifel and RBC are the joint arrangers.
The Norwell, Mass.-based provider of environmental and industrial services plans to use the proceeds to fund the acquisition of Hepaco, a specialized environmental and emergency response services provider, for $400 million, in a transaction that is expected to close in the first half of 2024.
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