Clean Harbors prices $600 million senior notes offering

Clean Harbors Inc., a provider of environmental and industrial services in North America, has priced a $600 million senior notes offering due in 2034. The notes, carrying an interest rate of 6.250%, were priced at 100.000% of their aggregate principal amount for resale. The company plans to use the net proceeds to finance the acquisition of EnviroServe, a national environmental and waste management services provider, as well as repay borrowings under its revolving credit facility.

The proceeds will not be used if either acquisition is not completed, in which case the remaining net proceeds will be utilized for general corporate purposes. The notes will be offered to qualified institutional buyers and outside the U.S. under Regulation S. Clean Harbors operates in the U.S., Canada, Mexico, Puerto Rico, and India.