FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2025

The following table is a summary of the Company's long-term debt (in thousands):


	December 31, 2025		December 31, 2024
Current Portion of Long-Term Debt:
Secured senior term loans	$	12,600	$	15,102


Long-Term Debt:

Secured senior term loans due October 9, 2032 (“2032 Term Loans”)	$	1,247,400	$	—
Secured senior term loans due October 8, 2028 (“2028 Term Loans”)	—		1,449,796
Unsecured senior notes, at 4.875%, due July 15, 2027 (“2027 Notes”)	—		545,000
Unsecured senior notes, at 5.125%, due July 15, 2029 (“2029 Notes”)	300,000		300,000
Unsecured senior notes, at 6.375%, due February 1, 2031 (“2031 Notes”)	500,000		500,000
Unsecured senior notes, at 5.750%, due October 15, 2033 (“2033 Notes”)	745,000		—
Long-term debt, at par	2,792,400		2,794,796
Unamortized debt issuance costs	(28,837)		(23,679)
Long-term debt, at carrying value	$	2,763,563	$	2,771,117

The table below describes the key terms of the Company’s Secured Senior Term Loan amendments, including any historical changes occurring during the periods presented in these financial statements:


	Effective Date	Maturity Date	SOFR Margin(1)		US Base Rate Margin (1)		Credit Spread Adjustment		Aggregate Principal Amount (in 000s)
Seventh Amendment (2)	10/9/2025	10/9/2032	1.50	%	0.50	%	—	%	$	1,260,000
Sixth Amendment	10/8/2024	10/8/2028	1.75	%	0.75	%	—	%	1,480,000
Fifth Amendment (3)	3/22/2024	10/8/2028	1.75	%	0.75	%	0.11448	%	1,480,000
Fourth Amendment	12/27/2023	10/8/2028	1.75	%	0.75	%	0.11448	%	980,000
Third Amendment	1/24/2023	10/8/2028	2.00	%	1.00	%	0.11448	%	980,000

___________________________________

(1)The Term Loan Agreement provides for Term SOFR adjustments for other interest periods and a US Base Rate Margin; however, the Company elects one-month Term SOFR for interest payments. Interest is paid monthly.

(2)Proceeds from the Seventh Amendment to the Term Loan Agreement along with certain proceeds of the 2033 Notes and cash on hand were used to refinance in full all existing term loans outstanding under the Sixth Amendment.

(3)The Fifth Amendment to the Term Loan Agreement provided for the issuance of additional term loans with an aggregate principal amount of $500.0 million which were used to fund the acquisitions completed during 2024, with the excess increasing the Company’s cash balances.

The table below describes the key terms of the Company’s Unsecured Senior Notes:

Effective Date

Maturity Date

Interest Rate

Interest Payment Dates

Interest Commencement Date

Aggregate Principal Amount
(in thousands)

2033 Notes

10/9/2025

10/15/2033

5.750

April 15, October 15

4/15/2026

745,000

2031 Notes

1/24/2023

2/1/2031

6.375

February 1, August 1

8/1/2023

500,000

2029 Notes

7/2/2019

7/15/2029

5.125

January 15, July 15

1/15/2020

300,000

2027 Notes

7/2/2019

7/15/2027

4.875

January 15, July 15

1/15/2020

545,000

Schedule of Redemption Prices

The tables below depict the redemption prices of the outstanding unsecured senior notes as of December 31, 2025 (collectively, the “Notes”) if redeemed during the twelve-month period commencing on the dates below, plus accrued and unpaid interest, if any, to but not including the redemption date.


2029 Notes	Percentage


July 15, 2026 and thereafter	100.000	%


2031 Notes	Percentage
February 1, 2026	103.188	%
February 1, 2027	101.594	%
February 1, 2028 and thereafter	100.000	%


2033 Notes	Percentage
October 15, 2028	102.875	%
October 15, 2029	101.438	%
October 15, 2030 and thereafter	100.000	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

CLEAN HARBORS INC 10-K