Harsco Completes $450 Million Bond Offering

Harsco Completes $450 Million Bond Offering

Worldwide industrial services company Harsco Corporation announced it has successfully completed a bond offering of 5.75%, 10-year senior notes totaling $450 million. The notes were rated A3 by Moody’s and A- by both Standard & Poor’s and Fitch. The managing underwriters of the offering were J.P. Morgan Securities Inc., Citigroup Global Markets Inc., and Greenwich Capital Markets, Inc.

The Company intends to use the proceeds of the offering to reduce its borrowings under its U.S. and euro commercial paper programs and for other general corporate purposes. “We are delighted by the strong investor demand for this offering. This successful transaction leverages the current bond market’s positive momentum to further improve our liquidity and enhance our strong financial position,” said Harsco Senior Vice President and Chief Financial Officer, Stephen J. Schnoor.

As one of the world’s leading diversified industrial services companies, Harsco Corporation serves major customers in key industries that play a fundamental role in worldwide economic growth and development, including non-residential construction and infrastructure, metals and minerals, railways, and energy. The Company posted 2007 revenues of $3.7 billion and operates in 50 countries worldwide. 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.

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