Solid Waste & Recycling

News

Clean Harbors raises $173.5 million in offering

According to the U.S.-based Waste Business Journal, Clean Harbors, Inc. (NASDAQ: CLHB), the leading provider of env...


According to the U.S.-based Waste Business Journal, Clean Harbors, Inc. (NASDAQ: CLHB), the leading provider of environmental and hazardous waste management services throughout North America, has announced that it has closed on its follow-on public offering of 2,500,000 shares of its common stock at an initial public offering price of $63.75 per share. The Company’s underwriters also fully exercised their option to purchase an additional 375,000 shares.

All shares were offered by the Company. Clean Harbors received net proceeds, after underwriting discounts and expenses, of approximately $173.5 million. The Company expects to use the net proceeds of the offering toward one or more of the following: potential future acquisitions, repayment of debt and working capital.

Goldman, Sachs & Co. acted as the sole book-running manager of the offering. Credit Suisse Securities (USA) LLC and Merrill Lynch & Co. acted as senior co-managers, and RBC Capital Markets Corporation, Needham & Company, LLC and Wedbush Morgan Securities, Inc. acted as co-managers.

A final prospectus supplement to the base prospectus included in a registration statement has been filed with the Securities and Exchange Commission and may be obtained by visiting the SEC’s website at www.sec.gov or by contacting Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad Street, New York, NY 10004, Fax: 212.902.9316 or email at prospectus-ny@ny.email.gs.com

About Clean Harbors, Inc.

Clean Harbors is North America’s leading provider of environmental and hazardous waste management services. Headquartered in Norwell, Massachusetts, Clean Harbors has more than 100 locations strategically positioned throughout North America in 36 U.S. states, six Canadian provinces, Mexico and Puerto Rico.

For more information, contact:
Investor Relations
Clean Harbors, Inc.
781.792.5101
InvestorRelations@cleanharbors.com.

Jim Buckley
Executive Vice President
Sharon Merrill Associates, Inc.
617.542.5300
clhb@investorrelations.com


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*