Worldwide industrial services company Harsco Corporation announced that it has successfully completed a bond offering of 5.75%, 10 year senior notes totaling USD 450 million. The notes were rated A3 by Moody’s and A- by both Standard & Poor’s and Fitch.

Harsco intends to use the proceeds of the offering to reduce its borrowings under its US and euro commercial paper programs and for other general corporate purposes.

Mr Stephen J Schnoor senior VP & CFO said that “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.”

The managing underwriters of the offering were J P Morgan Securities Inc, Citigroup Global Markets Inc and Greenwich Capital Markets, Inc.