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AI brief of an SEC Form 8-K · Clean Harbors (CLH)

Clean Harbors amends credit agreement, cuts term loan rate margin to 1.75% SOFR

Neutral Impact 2 of 5 financing Written later

Clean Harbors entered into Amendment No. 6 to its credit agreement on October 8, 2024. The amendment removes the SOFR adjustment on its 2021 Incremental Term Loans and sets the margin at 1.75% for Term SOFR borrowings and 0.75% for base rate borrowings, lowering the company's borrowing cost on that debt.

Key points

  • Amendment No. 6 dated October 8, 2024, with Goldman Sachs Lending Partners LLC as administrative agent and collateral agent
  • Eliminates the SOFR Adjustment, which had been 0.11448%, 0.26161% and 0.42826% per annum for one-, three- and six-month tenors
  • Post-repricing margins: 1.75% for Term SOFR borrowings and 0.75% for base rate borrowings; six-month soft call period reset
  • Company paid customary fees and expenses to the agent and lead arranger; full text filed as Exhibit 4.43H

The filing

CompanyClean Harbors (CLH)
Form8-K, current report
Filed with the SECOct 11, 2024, 2:29 PM ET
Accession number0000822818-24-000040

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 11, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.