Harsco has successfully entered into an amendment of its 2012 credit agreement that increases the company’s available credit by $100 million, extends the termination date of the agreement to June 2019 and provides additional flexibility under its financial covenants. The amended facility was issued through a consortium of 13 banks, led by Citigroup.

The new facility includes a $350 million revolver and a $250 million term loan, as compared to a $500 million facility previously. It now includes a maximum net leverage covenant of 4.0x through 2016.

“We are very pleased to have completed this refinancing, which provides the financial flexibility that we desired to support our strategic priorities,” said Pete Minan, senior vice president and chief financial officer. “The extended facility also provides additional and substantial liquidity to support each of our businesses in the future, at an attractive cost of financing.”

Harsco is a diversified, global engineered products and services company serving major industries such as steel and metals production, railways and energy.