Clean Harbors Announces Follow-On Offering of Common Stock
17 Abril 2008 - 4:28PM
Business Wire
Clean Harbors, Inc. (NASDAQ: CLHB), the leading provider of
environmental and hazardous waste management services throughout
North America, announced it has filed today a shelf registration
statement, which became effective on filing, and a preliminary
prospectus supplement with the Securities and Exchange Commission
for a proposed follow-on public offering of 2,500,000 shares of its
common stock. All shares will be offered by the Company. In
addition, the Company has granted the underwriters an option to
purchase up to an additional 375,000 shares to cover over
allotments, if any. The public offering price has not yet been
determined. 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 common stock will be
offered only pursuant to a prospectus supplement to the effective
registration statement (including a prospectus) filed April 17,
2008. The preliminary prospectus supplement related to the offering
as filed with the Securities and Exchange Commission is available
on the SEC�s website www.sec.gov. A printed copy of the preliminary
prospectus supplement relating to the offering may be obtained 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. For more information, visit
www.cleanharbors.com. 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 on the Investor portal of the Company�s Web Page at
www.cleanharbors.com.
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