{"id":508517,"date":"2021-06-30T16:33:26","date_gmt":"2021-06-30T20:33:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\/"},"modified":"2021-06-30T16:33:26","modified_gmt":"2021-06-30T20:33:26","slug":"us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\/","title":{"rendered":"US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BOISE, Idaho, June  30, 2021  (GLOBE NEWSWIRE) &#8212; US Ecology, Inc. (NASDAQ-GS: ECOL) (\u201cUS Ecology\u201d or \u201cthe Company\u201d) announced today that it amended its credit\u00a0agreement and extended the maturity date on its existing $500 million revolving credit facility for additional financial flexibility.<\/p>\n<p align=\"justify\">\u201cWe 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,\u201d commented Chief Financial Officer, Eric Gerratt. \u201cThis 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.\u201d<\/p>\n<p align=\"justify\">Under the terms of the amendment, the Company extended the maturity date of its $500 million revolving\u00a0credit\u00a0facility 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.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>About US Ecology, Inc.<\/u><br \/>\n        <\/strong><br \/>\n        <br \/>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\u2019s focus on safety, environmental compliance, and best-in-class customer service enables us to effectively meet the needs of US Ecology\u2019s customers and to build long lasting relationships. US Ecology has been protecting the environment since 1952. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EuJUezZOI2aXm7WaU1w5aMe5-Z7daGlUzrfcHeMIgj1C_Al96fd-U5Lq_J5WhW1u5dK-6Ppo2VdOcirNz9UGNQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.usecology.com<\/a>.<\/p>\n<p align=\"justify\">Contact: Steven Park, Director of Investor Relations\u00a0 \u00a0(208) 871-1653<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oxsg4Em2_87abDnHv3XScvHZwtQMwkVOKT7eR0O1fL8X1DXPmemZ_n4Wbv6QqSRX5p2C4-vRngyEgBipYwNF69GyVqsCM98RN5_eqF_zRvU=\" rel=\"nofollow noopener\" target=\"_blank\">steven.park@usecology.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0 www.usecology.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MzQzOCM0Mjc3NDg2IzIwMTAzNTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/70eaf8a5-8821-4fcd-b30c-a3eb2fb3133e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOISE, Idaho, June 30, 2021 (GLOBE NEWSWIRE) &#8212; US Ecology, Inc. (NASDAQ-GS: ECOL) (\u201cUS Ecology\u201d or \u201cthe Company\u201d) announced today that it amended its credit\u00a0agreement and extended the maturity date on its existing $500 million revolving credit facility for additional financial flexibility. \u201cWe 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,\u201d commented Chief Financial Officer, Eric Gerratt. \u201cThis 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.\u201d Under the terms of the amendment, the Company extended the maturity date of its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-508517","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOISE, Idaho, June 30, 2021 (GLOBE NEWSWIRE) &#8212; US Ecology, Inc. (NASDAQ-GS: ECOL) (\u201cUS Ecology\u201d or \u201cthe Company\u201d) announced today that it amended its credit\u00a0agreement and extended the maturity date on its existing $500 million revolving credit facility for additional financial flexibility. \u201cWe 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,\u201d commented Chief Financial Officer, Eric Gerratt. \u201cThis 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.\u201d Under the terms of the amendment, the Company extended the maturity date of its &hellip; Continue reading &quot;US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T20:33:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MzQzOCM0Mjc3NDg2IzIwMTAzNTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility\",\"datePublished\":\"2021-06-30T20:33:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\\\/\"},\"wordCount\":293,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI3MzQzOCM0Mjc3NDg2IzIwMTAzNTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/us-ecology-amends-its-credit-agreement-extending-maturity-to-2026-on-its-revolving-credit-facility\\\/\",\"name\":\"US Ecology Amends Its Credit Agreement Extending Maturity to 2026 on Its Revolving Credit Facility - 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