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Harsco gets $220 million credit facility
By The Associated Press | 05 Nov 2008 | 10:37 AM ET
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HARRISBURG, Pa. - Industrial services company Harsco Corp. said Wednesday it received a new $220 million credit facility, which replaces its existing $450 million facility that expires this month.

The new 364-day facility was co-arranged by Citibank and the Royal Bank of Scotland.

Harsco has the option to increase the new facility by $80 million in the future with the consent of the lenders. The company now has short-term borrowing capacity of more than $700 million.

Shares rose 48 cents to $25.51 in morning trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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