Cahill Represents Financing Sources in Acquisition Financing for Clean Harbors
Date: 12/07/12
Cahill represented the joint-book running managers and co-managers in connection with the Rule 144A/Reg S offering of $600,000,000 aggregate principal amount of 5.125% Senior Notes due 2021 by Clean Harbors, Inc. that closed today. Proceeds from the offering are intended to be used to fund a portion of the cost of the proposed acquisition by Clean Harbors of Safety-Kleen, Inc. If the acquisition does not occur, the notes will be subject to mandatory redemption.
Cahill also represented the underwriters in connection with the public offering of 6,900,000 shares of common stock of Clean Harbors resulting in gross proceeds of $386,400,000 that closed December 3, 2012. Proceeds from the offering are also intended to be used to fund a portion of the cost of the acquisition of Safety-Kleen, if it occurs. If the acquisition does not occur, the proceeds would be used for other corporate purposes.