Clean Harbors (CLH): $600 Million in New Debt Raises the Stakes on Acquisition Execution
Clean Harbors Inc. (NYSE:CLH) is tapping into fixed-cost sources of capital, and recently priced a $600 million private offering of senior notes to support its acquisition strategy. The notes mature in 2034 and carry an interest rate of 6.250%, and were priced at 100% of their principal amount. The proceeds are intended to finance the acquisition of EnviroServe and repay revolving-credit borrowings incurred to partially finance the ES&H acquisition. Clean Harbors (CLH) Raises $600M in Senior Notes to Fun ...