NORWELL, Mass.--(BUSINESS WIRE)--Nov. 27, 2012--
Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) announced today that
it has priced a previously announced follow-on public offering of 6.0
million shares of its common stock at a public offering price of $56.00
per share. The offering is expected to close on December 3, 2012. Clean
Harbors has granted the underwriters an option to purchase up to 900,000
additional shares of common stock. Clean Harbors expects to receive net
proceeds, after underwriting discounts and expenses and assuming the
underwriters' over-allotment option is not exercised, of approximately
$320.22 million. Clean Harbors intends to use the net proceeds of the
offering to finance a portion of the purchase price for its previously
announced proposed acquisition of Safety-Kleen, Inc. and its
subsidiaries and related transaction fees and expenses.
Goldman, Sachs & Co. is acting as the sole book-running manager of the
offering. BofA Merrill Lynch and Credit Suisse Securities (USA) LLC are
acting as co-managers. The shares are being offered only pursuant to the
prospectus supplement to the base prospectus included in a registration
statement, which was filed with the Securities and Exchange Commission
and became effective on November 26, 2012. Copies of the prospectus
supplement (and base prospectus) may be obtained by visiting the SEC's
website at www.sec.gov
or by contacting Goldman, Sachs & Co., Attn: Prospectus Department, 200
West Street, New York, NY 10282; telephone: (866) 471-2526 or email at prospectus-ny@ny.email.gs.com.
This release shall not constitute an offer to sell or the solicitation
of an offer to buy any of these securities, nor shall there be any sale
of these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state.
Safe Harbor Statement
Any statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
generally identifiable by use of the words “believes,” “expects,”
“intends,” “anticipates,” “plans to,” “estimates,” “projects,” or
similar expressions. Such statements may include, but are not limited
to, statements about Clean Harbors’ proposed acquisition of Safety-Kleen
and business outlook and financial guidance and other statements that
are not historical facts. Such statements are based upon the beliefs and
expectations of Clean Harbors’ management as of this date only and are
subject to certain risks and uncertainties that could cause actual
results to differ materially, including, without limitation, those items
identified as “risk factors” in Clean Harbors’ most recently filed Form
10-K and Form 10-Q. Therefore, readers are cautioned not to place undue
reliance on these forward-looking statements. Clean Harbors undertakes
no obligation to revise or publicly release the results of any revision
to these forward-looking statements other than through its various
filings with the Securities and Exchange Commission, which may be viewed
in the “Investors” section of Clean Harbors’ website.
About Clean Harbors
Clean Harbors is the leading provider of environmental, energy and
industrial services throughout North America. The Company serves more
than 60,000 customers, including a majority of the Fortune 500
companies, thousands of smaller private entities and numerous federal,
state, provincial and local governmental agencies.
Headquartered in Norwell, Massachusetts, Clean Harbors has more than 200
locations, including over 50 waste management facilities, throughout
North America in 38 U.S. states, seven Canadian provinces, Mexico and
Puerto Rico.
Source: Clean Harbors, Inc.
Clean Harbors, Inc.
James M. Rutledge, 781-792-5100
Vice
Chairman, President and Chief Operating Officer
InvestorRelations@cleanharbors.com
or
Sharon
Merrill Associates
Jim Buckley, 617-542-5300
Executive Vice
President
clh@investorrelations.com
