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Clean Harbors to launch $350 million add-on term loan on Wednesday
By Sara Rosenberg
New York, June 19 – Clean Harbors Inc. is scheduled to hold a lender call at 12:30 p.m. ET on Wednesday to launch a fungible $350 million add-on senior secured first-lien term loan, according to a market source.
Goldman Sachs Bank USA, Bank of America Merrill Lynch, J.P. Morgan Securities LLC and SunTrust Robinson Humphrey Inc. are the leads on the deal.
Proceeds will be used to help fund the tender offer for $400 million of the company’s 5¼% senior notes due 2020.
Other funds for the refinancing will come from cash on hand and/or revolving credit facility borrowings.
The tender offer will expire on July 17.
Clean Harbors is a Norwell, Mass.-based provider of environmental, energy and industrial services.
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