Clean Harbors announces $600 million senior notes offering

Clean Harbors, Inc. has announced the pricing of a $600 million private offering of senior notes due in 2034. The notes carry an interest rate of 6.250% and are expected to close around October 1, 2026.

The company intends to use the net proceeds to finance the acquisition of EnviroServe, a national provider of environmental and waste management services. Remaining funds will be used to repay borrowings from a revolving credit facility used to partially fund the previously announced acquisition of ES&H. If the acquisitions are not completed, the proceeds will be used for general corporate purposes.

Market analysts have provided a consensus rating of ‘Moderate Buy’ for the company. Among eighteen research firms covering the stock, eleven have issued a buy rating, two have issued a strong buy rating, and five have issued a hold rating.