New Issue-Clean Harbors sells $300 mln in 7-yr notes

Tue Aug 11, 2009 10:14am EDT 

  Aug 11 (Reuters) - Clean Harbors Inc (CLH.N) on Tuesday
sold $300 million of senior secured first lien notes in the
144a private placement market, said IFR, a Thomson Reuters
service.
  The size of the deal was increased from an originally
planned $250 million.
  Goldman Sachs and Bank of America were the joint
bookrunning managers for the sale.
BORROWER: CLEAN HARBORS INC
AMT $300 MLN      COUPON 7.625 PCT    MATURITY 8/15/2016 
TYPE 1ST LIEN NTS ISS PRICE 97.369    FIRST PAY 2/15/2010
MOODY'S Ba2       YIELD 8.125 PCT     SETTLEMENT 8/14/2009
S&P BB-MINUS      SPREAD 476 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 3 YEARS*
*MAKE-WHOLE CALL 50 BPS
Stocks
Bonds News
Bonds
Markets

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.