Harsco Corp. recently amended its five-year credit agreement from 2012 that gives the company financial flexibility and, after completing refinancing of October 2015 senior notes, will extend the termination date to June 2019.
The amended $500 million facility was issued through a multinational consortium of 11 banks, co-led by Citibank, JPMorgan Chase and HSBC, Harsco said in a news release.
“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.”
Based in Wormleysburg, Harsco is a worldwide company involved in several industries, including steel and metals, railways and energy.