One & One Green Technologies stock soars 100% after IPO debut
NORWELL, Mass. - Clean Harbors, Inc. (NYSE:CLH), currently trading at $233.01 per share with a market capitalization of $12.5 billion, announced Thursday it is launching a private offering of $845 million in senior notes expected to mature in 2033. According to InvestingPro analysis, the company maintains strong financial health with liquid assets exceeding short-term obligations.
The environmental services provider plans to use proceeds from the notes offering along with $1.16 billion in borrowings under a new secured term loan credit facility and cash on hand to refinance existing debt. The company intends to repay approximately $1.46 billion in outstanding secured senior term loans, redeem $545 million of its 4.875% senior notes due 2027, and pay related fees and expenses. With a current ratio of 2.45 and moderate debt levels, InvestingPro data shows the company maintains a healthy balance sheet despite its total debt of $3.23 billion.
The refinancing transactions are subject to market conditions, with no guarantee of completion. The notes offering is not contingent on securing the new term loan credit facility.
The notes will be offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. investors under Regulation S. The notes will not be registered under the Securities Act and cannot be sold in the United States without registration or an applicable exemption.
Clean Harbors describes itself as North America’s leading provider of environmental and industrial services, serving a diverse customer base including many Fortune 500 companies across chemical, manufacturing, and refining industries, as well as government agencies. The company generated $5.9 billion in revenue over the last twelve months, with an EBITDA of $1.08 billion, demonstrating its significant market presence. For deeper insights into Clean Harbors’ financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which include 10+ additional key insights and Fair Value assessments.
The information in this article is based on a company press release statement.
In other recent news, Clean Harbors reported its second-quarter earnings for 2025, showing a slight miss in both earnings per share and revenue compared to analyst forecasts. The company’s earnings per share came in at $2.36, just shy of the expected $2.38, while revenue reached $1.55 billion, falling short of the anticipated $1.59 billion. BMO Capital responded by raising its price target for Clean Harbors to $268 from $264, maintaining an Outperform rating due to the company’s commendable performance despite some economic challenges. Truist Securities reiterated its Buy rating on Clean Harbors, with a price target of $250, expressing optimism about hazardous waste pricing. Barclays initiated coverage of Clean Harbors with an Equalweight rating and a price target of $253, citing potential risks from new industry incineration capacity affecting price competition. These developments reflect a mixed sentiment among analysts regarding Clean Harbors’ future prospects.
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