Monitor upcoming 10-Q for updated leverage ratios and disclosure of acquisition completion timelines. The 6.250% coupon on 8-year notes suggests moderate credit market reception for this investment-grade waste services issuer.
Price Chart
Executive Summary
Clean Harbors priced a $600 million private offering of 6.250% senior notes due 2034. Proceeds will fund the EnviroServe acquisition and repay borrowings from the ESH acquisition. The offering is not contingent on either deal closing.
Key Facts
- $600 million of senior notes due 2034 priced at 100.000% of par
- Interest rate of 6.250%
- Closing expected on or about October 1, 2026
- Proceeds to finance EnviroServe acquisition purchase price and repay revolver borrowings from ESH acquisition
- Offering not contingent on completion of either acquisition
Financial Impact
$600 million in new senior notes at 6.250% interest, increasing leverage to fund two previously announced acquisitions
Risk Factors
- If either acquisition fails, proceeds used for general corporate purposes, potentially increasing leverage without corresponding EBITDA
- Higher interest expense from $600M of new debt could pressure earnings coverage ratios
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000822818-26-000040 |
| Document: clh-notesofferingpricingre.htm | 0000822818-26-000040 |
| Document: clh-notesofferinglaunchrel.htm | 0000822818-26-000040 |
| Document: 0000822818-26-000040-index-headers.html | 0000822818-26-000040 |
| Document: 0000822818-26-000040-index.html | 0000822818-26-000040 |
| Document: 0000822818-26-000040.txt | 0000822818-26-000040 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $318.76 | awaiting T+60 | — | $317.09 (−0.52%) |
Oct 5, 2026 21d ago | 8-K | $318.06 | awaiting T+60 | — | $317.09 (−0.30%) |
Sep 18, 2026 5w ago | 8-K | $315.80 | awaiting T+60 | — | $317.09 (+0.41%) |
Aug 14, 2026 10w ago | Insider Cluster | $321.98 | awaiting T+60 | — | $317.09 (−1.52%) |
Aug 12, 2026 10w ago | 8-K | $316.65 | awaiting T+60 | — | $317.09 (+0.14%) |
Jul 29, 2026 12w ago | 8-K | $326.34 $320.96 | ▼ −1.65% | ▼ −6.38% | $317.09 (−2.83%) |
May 14, 2026 23w ago | 8-K | $308.40 $310.00 | ▲ +0.52% | ▼ −3.07% | $317.09 (+2.82%) |
May 6, 2026 24w ago | 8-K | $287.98 $312.88 | ▲ +8.65% | ▲ +6.59% | $317.09 (+10.11%) |
Apr 10, 2026 28w ago | DEFA14A | $302.23 $297.93 | ▼ −1.42% | ▼ −11.75% | $317.09 (+4.92%) |
Mar 17, 2026 31w ago | Insider Cluster | $290.55 $287.99 | ▼ −0.88% | ▼ −11.06% | $317.09 (+9.13%) |
US Market Status
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