Clean Harbors Prices Follow-On Offering of Common Stock
23 Abril 2008 - 10:05PM
Business Wire
Clean Harbors, Inc. (NASDAQ: CLHB), the leading provider of
environmental and hazardous waste management services throughout
North America, today announced the pricing of its previously
announced follow-on public offering of 2,500,000 shares of its
common stock at a price of $63.75 per share. All shares are being
offered by the Company. The Company expects to deliver the shares
on April 29, 2008. Clean Harbors has also granted its underwriters
a 30-day option to purchase up to 375,000 additional shares. Clean
Harbors expects to receive net proceeds, after underwriting
discounts and expenses and assuming the underwriters�
over-allotment option is not exercised, of approximately $150.8
million. The Company expects to use the net proceeds of the
offering toward one or more of the following: potential future
acquisitions, repayment of debt and working capital. Goldman, Sachs
& Co. is acting as the sole book-running manager of the
offering. Credit Suisse Securities (USA) LLC and Merrill Lynch
& Co. are acting as senior co-managers, and RBC Capital Markets
Corporation, Needham & Company, LLC and Wedbush Morgan
Securities, Inc. 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
April 17, 2008. 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 Dept., 85 Broad Street, New York, NY 10004, Fax:
212-902-9316 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. About
Clean Harbors, Inc. Clean Harbors is North America's leading
provider of environmental and hazardous waste management services.
Headquartered in Norwell, Massachusetts, Clean Harbors has more
than 100 locations strategically positioned throughout North
America in 36 U.S. states, six Canadian provinces, Mexico and
Puerto Rico. 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, and involve risks and uncertainties. These forward-looking
statements are generally identifiable by use of the words
�believes,� �expects,� �intends,� �anticipates,� �plans to,�
�estimates,� �projects,� or similar expressions. These
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those reflected in these forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which reflect management�s opinions only as of the date
hereof. The Company 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. Furthermore, all financial
information in this press release is based on preliminary data and
is subject to the final closing of the Company�s books and records.
A variety of factors beyond the control of the Company may affect
the Company�s performance, including, but not limited to: The
Company�s ability to manage the significant environmental
liabilities that it assumed in connection with the CSD and other
acquisitions; The availability and costs of liability insurance and
financial assurance required by governmental entities relating to
our facilities; The effects of general economic conditions in the
United States, Canada and other territories and countries where the
Company does business; The effect of economic forces and
competition in specific marketplaces where the Company competes;
The possible impact of new regulations or laws pertaining to all
activities of the Company�s operations; The outcome of litigation
or threatened litigation or regulatory actions; The effect of
commodity pricing on overall revenues and profitability; Possible
fluctuations in quarterly or annual results or adverse impacts on
the Company�s results caused by the adoption of new accounting
standards or interpretations or regulatory rules and regulations;
The effect of weather conditions or other aspects of the forces of
nature on field or facility operations; The effects of industry
trends in the environmental services and waste handling
marketplace; and The effects of conditions in the financial
services industry on the availability of capital and financing. Any
of the above factors and numerous others not listed nor foreseen
may adversely impact the Company�s financial performance.
Additional information on the potential factors that could affect
the Company�s actual results of operations is included in its
filings with the Securities and Exchange Commission, which may be
viewed at www.cleanharbors.com/investor_relations.
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