Clean Harbors amends credit facility, raising revolver to $600.0 million through June 2029
Clean Harbors and a Canadian subsidiary entered into a seventh amended and restated credit agreement with Bank of America, N.A. on June 28, 2024, replacing the prior facility. The revolving credit facility increases to a maximum of $600.0 million and runs through June 28, 2029, with no loans outstanding under the prior agreement at closing. The filing does not report earnings or guidance, so its effect on shareholders is limited to financing terms and covenants.
- Maximum revolving facility increased to $600.0 million; U.S. line up to $550.0 million and Canadian line up to $50.0 million
- Facility expires June 28, 2029, subject to certain conditions
- $136.4 million of letters of credit remain outstanding under the new agreement; no loans were outstanding at closing
- Borrowings priced at Term SOFR or Term CORRA plus 1.5%, with lower base-rate margins of 0.5%