CAMP HILL, Pa., March 31, 2020 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE: Harsco Corporation (NYSE:HSC) announced today it has raised a new term loan facility of $280 million as a new tranche of loans under its existing senior secured credit facilities. The availability of the New Term Loans is subject to customary funding conditions, including the substantially concurrent consummation of the Company’s previously announced acquisition of the Stericycle Environmental Solutions business. The Company will draw on the New Term Loans upon the closing of the ESOL Acquisition, and the New Term Loans, along with the Company’s revolving credit facility as had been previously anticipated, will be applied to finance the ESOL Acquisition and to pay related transaction fees and expenses. The Company is currently waiting on regulatory approval for the ESOL Acquisition.

ABOUT HARSCO CORPORATION

Harsco Corporation is a global market leader providing environmental solutions for industrial and specialty waste streams and innovative technologies for the rail sector. Based in Camp Hill, PA, the 11,000-employee company operates in more than 30 countries. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com.