Harsco Extends Revolving Credit Facility for $500 Million With Amended Terms
March 30 2015 - 9:11AM
Harsco Corporation (NYSE:HSC) announced today it has successfully
entered into an amendment of its five-year credit agreement from
2012 that increases the Company's access to funds and, after
completing the refinancing of the Company's October 2015 Senior
Notes, will extend the termination date to June 2019. The
amended $500 million facility was issued through a multi-national
consortium of 11 banks, co-led by Citibank, JPMorgan Chase and
HSBC.
"We are extremely pleased with the continued confidence of the
global lending community in Harsco's financial capacity and
long-term outlook," said Peter F. Minan, Chief Financial
Officer. "This extended facility, which was oversubscribed,
provides greater financial flexibility and substantial, back-up
liquidity to support our ongoing transformation."
Harsco Corporation is a diversified industrial company serving
major industries that are fundamental to worldwide growth and
development, including steel and metals, railways and energy.
Harsco's common stock is a component of the S&P MidCap 400
Index and the Russell 2000 Index. Additional information can be
found at www.harsco.com.
CONTACT: Investor Contact
David Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth Julian
717.730.3683
kjulian@harsco.com
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