Clean Harbors (CLH) said Friday that it amended the applicable interest rate margin of its 2021 incremental term loans under a credit agreement by removing the Secured Overnight Financing Rate Adjustment.
The amendment also resets the six month soft call period for a repricing of the term loans, according to the company.
The new rates for the loans are 1.75% for term SOFR borrowings and 0.75% for base rate borrowings.
Company shares were up over 1% in recent trading.
Price: 257.63, Change: +3.27, Percent Change: +1.29
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