Harsco abandons tender for 2.7% senior notes due 2015

New York, June 5 – Harsco Corp. said it has terminated its cash tender offer for its 2.7% senior notes due 2015.

The company said in a news release that it was not going ahead with the tender as a result of its decision to withdraw a $250 million offering of senior notes due 2020 due to “market conditions.”

Harsco said it continues to have “adequate” liquidity of approximately $400 million.

The tender began on June 1.

Harsco was offering $1,006.25 per $1,000 principal amount of the notes plus accrued interest up to but excluding the settlement date, according to a company notice.

The tender offer was set to end at 8:30 a.m. ET on June 8.

It was conditioned on the concurrently announced financing.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) was the dealer manager. Global Bondholder Services Corp. (212 430-3774 or at 866 470-3900) was the information agent and tender agent.

Harsco is an industrial services and engineered products company based in Camp Hill, Pa.

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