Harsco to repay revolving credit facility with funds from new notes

By Marisa Wong

Madison, Wis., June 1 – Harsco Corp. said it plans to repay borrowings under its revolving credit facility using some proceeds from an offering of senior notes.

The company announced on Monday that it plans to price $250 million of senior notes due 2020, proceeds of which will be used first to fund a cash tender offer for existing 2.7% senior notes due 2015. Any remaining proceeds will be used for the paydown and for general corporate purposes.

Harsco is a Camp Hill, Pa.-based industrial services and engineered products company.

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