Jefferies Raises price Target on Harsco Corporation (HSC) Following In-Line 3Q
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Harsco Corporation Reports Third Quarter 2016 Results
November 3, 2016 7:00 AM EDTQ3 GAAP Operating Income of $29 Million Within Guidance Range; Results Supported by Positive Performance in Metals & Minerals and Lower Corporate SpendingFree Cash Flow Totaled $60 Million in Q3Company Completes Sale of its Remaining Interest in Brand Energy JV for Total Value of $232 millionNet Debt Reduced to $596 Million and Liquidity Exceeded $340 million at Quarter-EndCompany Completes Refinancing Through a New Senior Secured Credit Facility Subsequent to Quarter-EndFull-Year GAAP Operating Income Expected to be Between $60 Million and $69 Million; Adjusted Operating Income Anticipated... More
Harsco Completes Successful Refinancing; Transaction Strengthens Debt Profile and Financial Flexibility
November 2, 2016 1:36 PM EDTCAMP HILL, Pa., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE: HSC) announced today the closing of a new senior secured credit facility (the New Credit Facility). The New Credit Facility includes a $400 million five-year revolving credit facility and a $550 million seven-year term loan B facility, both of which will replace the Companys existing revolver and term loan. The... More
