US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility
30 Junio 2021 - 3:30PM
US Ecology, Inc. (NASDAQ-GS: ECOL) (“US Ecology” or “the Company”)
announced today that it amended its credit agreement and
extended the maturity date on its existing $500 million revolving
credit facility for additional financial flexibility.
“We are excited to work with our financial
partners to leverage our strong-free-cash flow generation and
outlook to restructure and improve our credit facility,” commented
Chief Financial Officer, Eric Gerratt. “This modified agreement
will supplement our plan to continue to de-lever, while providing
us additional liquidity and flexibility to continue to fund our
organic growth initiatives and strategic acquisitions over an
expanded time horizon.”
Under the terms of the amendment, the Company
extended the maturity date of its $500 million
revolving credit facility to June 29, 2026. The credit
amendment also modified the net leverage covenant, extending the
temporary increase in the net leverage covenant to 5.25x as of June
30, 2021, gradually stepping down to 4.50 as of December 31, 2022,
through the duration of the agreement.
About US Ecology, Inc.US
Ecology, Inc. is a leading provider of environmental services to
commercial and government entities. The company addresses the
complex waste management and response needs of its customers
offering treatment, disposal and recycling of hazardous,
non-hazardous and radioactive waste, leading emergency response and
standby services, and a wide range of complementary field and
industrial services. US Ecology’s focus on safety, environmental
compliance, and best-in-class customer service enables us to
effectively meet the needs of US Ecology’s customers and to build
long lasting relationships. US Ecology has been protecting the
environment since 1952. For more information, visit
www.usecology.com.
Contact: Steven Park, Director of Investor
Relations (208)
871-1653steven.park@usecology.com
www.usecology.com
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