Shearman & Sterling represented Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and the other initial purchasers in connection with Harsco Corporation’s offering of $500 million aggregate principal amount of 5.75% senior notes due 2027.  Concurrently with the notes offering, Shearman & Sterling advised Citibank, N.A., as administrative agent and collateral agent, and the lenders on the refinancing of Harsco Corporation’s existing revolving credit facility, which increased its revolving credit commitments by $200 million to $700 million, with an extension to 2024.  The net proceeds from the notes offering, together with borrowings under the revolving credit facility, were used as the merger consideration for the acquisition of CEHI Acquisition Corporation by Harsco Corporation.

Harsco Corporation is a global market leader providing environmental solutions for industrial waste streams and innovative technologies for the rail and energy sectors.

The Team