Harsco Renews Back-Up Credit Facility for $525 Million
March 02 2012 - 2:18PM
Worldwide industrial services and products company Harsco
Corporation (NYSE:HSC) announced today it has successfully renewed
an unsecured back-up credit facility through a multi-national
consortium of 14 banks co-led by Citibank and the Royal Bank of
Scotland. The new 5-year, $525 million back-up facility, which was
oversubscribed, replaces a 3-year back-up facility due to expire
later this year.
"We are extremely pleased with the continued confidence of the
global lending community in Harsco's financial strength and
long-term outlook," said Stephen J. Schnoor, Senior Vice President,
Chief Financial Officer and Treasurer. "At five years in
duration, this facility represents one of the longest available
terms, further demonstrating the lending community's confidence in
us and providing solid and dependable back-up liquidity over an
extended period."
Harsco Corporation is a diversified, global industrial services
and engineered products company serving major industries that are
fundamental to worldwide infrastructure development and economic
growth. Harsco's common stock is a component of the S&P MidCap
400 Index and the Russell 1000 Index. Additional information can be
found at www.harsco.com.
The Harsco Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=361
CONTACT: Investor Contact
Eugene M. Truett
717.975.5677
etruett@harsco.com
Media Contact
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
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