Harsco readies launch of $545 million term loan for Thursday

By Sara Rosenberg

New York, June 5 – Harsco Corp. will hold a lender call at 10 a.m. ET on Thursday to launch a $545 million senior secured term loan, according to a market source.

Goldman Sachs Bank USA, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Bank of America Merrill Lynch, RBC Capital Markets, U.S. Bank and KeyBanc Capital Markets are the leads on the deal. Co-managers include PNC, Fifth Third and ING.

Proceeds will be used to reprice an existing term loan.

In addition to the repricing, the company plans to increase the amount of its revolving credit commitments by as much as $100 million to $500 million.

Harsco is a Camp Hill, Pa.-based diversified industrial company providing a range of onsite services and engineered products to the global steel, energy and railway sectors.

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