CAMP HILL, Pa., March 2, 2012 (GLOBE NEWSWIRE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today it has successfully renewed an unsecured back-up credit facility through a multi-national consortium of 14 banks co-led by Citibank and the Royal Bank of Scotland. The new 5-year, $525 million back-up facility, which was oversubscribed, replaces a 3-year back-up facility due to expire later this year.
"We are extremely pleased with the continued confidence of the global lending community in Harsco's financial strength and long-term outlook," said Stephen J. Schnoor, Senior Vice President, Chief Financial Officer and Treasurer. "At five years in duration, this facility represents one of the longest available terms, further demonstrating the lending community's confidence in us and providing solid and dependable back-up liquidity over an extended period."
Harsco Corporation is a diversified, global industrial services and engineered products company serving major industries that are fundamental to worldwide infrastructure development and economic growth. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at http://www.harsco.com/">www.harsco.com.
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