Harsco extends revolving credit facility to 2019 with amended terms

By Tali Rackner

Norfolk, Va., March 30 – Harsco Corp. entered into an amendment of its five-year credit agreement from 2012 that increases the company's access to funds and, after the refinancing of the October 2015 senior notes, extends the termination date to June 2019, according to a press release.

The amended $500 million facility was issued through a multi-national consortium of 11 banks, co-led by Citibank NA, JPMorgan Chase Bank and HSBC Securities (USA) Inc.

“This extended facility, which was oversubscribed, provides greater financial flexibility and substantial back-up liquidity to support our ongoing transformation,” chief financial officer Peter F. Minan said in the press release.

Harsco is an industrial services and engineered products company based in Camp Hill, Pa.

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