Clean Harbors seeking to amend EBITDA covenants after missing level in first quarter

By Sara Rosenberg

New York, May 14 - Clean Harbors Inc. is currently in negotiations with its bank lenders to modify the EBITDA covenant in its credit facility as a result of falling short of the minimum requirement in the first quarter of 2003.

For the first quarter, the company reported EBITDA of $7.4 million.

Currently, the company anticipates that it will be able to amend the necessary covenants, according to a news release.

Clean Harbors is a Braintree, Mass. provider of hazardous waste management services.

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