Harsco will enter new senior secured credit facilities, comprising a $400 million revolving credit facility and a $550 million term loan B facility.

Goldman Sachs and Citigroup are acting as joint bookrunners and joint lead arrangers for the new facilities.

Upon the closing of these new facilities, the company intends to amend and extend its existing credit facilities, redeem its existing 5.75% senior notes due 2018 in accordance with the indenture governing such notes and to pay related fees and expenses.

According to a company press release, the terms of the new credit facilities are subject to change from those outlined above.