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Harsco sets Wednesday bank meeting for $950 million credit facility
By Paul A. Harris
Portland, Ore., Oct. 17 – Harsco Corp. scheduled a bank meeting on Wednesday to launch a $950 million credit facility, according to a market source.
The deal includes a $550 million seven-year senior secured term loan B and a $400 million five-year revolver.
Goldman Sachs is the left bookrunner. Citigroup, HSBC, BofA Merrill Lynch, RBC, U.S. Bank and KeyBanc are the joint bookrunners.
Upon the closing of the new facility, the Camp Hill, Pa.-based diversified industrial company intends to amend and extend its existing credit facilities and redeem its existing 5¾% senior notes due 2018.
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