Clean Harbors, Inc. (“Clean Harbors”) CLH announced today the
completion of its previously announced tender offer and consent solicitation
(collectively, the “Tender Offer”) to purchase any and all of its previously
outstanding $490.0 million aggregate principal amount of 7 5/8% senior secured
notes due 2016 (the “2016 Notes”). As previously announced, Clean Harbors
received, on or prior to 5:00 p.m., New York City time, on July 27, 2012 (the
“Consent Date”), tenders and consents from the holders of an aggregate
principal amount of $339.1 million of 2016 Notes, or 69.2% of the total
outstanding, and Clean Harbors paid on July 30, 2012 to the holders of such
tendered notes $1,041.38 per $1,000.00 in principal amount of 2016 Notes
validly tendered (the “Total Consideration”), plus accrued but unpaid interest
up to, but not including, the payment date. The Total Consideration included a
consent payment of $30.00 per $1,000.00 in principal amount of 2016 Notes
validly tendered (the “Consent Payment”). The consents received exceeded the
amount needed to approve the proposed amendments described in Clean Harbors'
Offer to Purchase and Consent Solicitation Statement dated July 16, 2012 (the
“Offer to Purchase”) to the indenture under which the 2016 Notes were issued
(the “Indenture”).
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