A syndicate of banks including Goldman Sachs acted as joint bookrunners and joint lead arrangers in connection with a new term loan B facility of $500 million as part of Harsco’s amendment to its senior secured credit agreement.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
Harsco amended its existing senior secured credit facilities, increasing the amount of its revolving credit commitments by $100 million to $500 million.
Harsco will enter new senior secured credit facilities, comprising a $400 million revolving credit facility and a $550 million term loan B facility with Goldman Sachs and Citigroup.