Clean Harbors announces extension of credit facility.

BRAINTREE, Mass.--(BUSINESS WIRE)--June 25, 1997--Clean Harbors Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLHB CLHB Cardiff Local Health Board (UK) ) today announced that its commercial lender Whilst nearly all lenders offer loans on a commercial basis the term commercial lender has differed meanings around the world.

In much of the world and especially in the UK, the phrase commercial lender

, Congress Financial Corp. (New England), has extended the company's current $35 million revolving credit Revolving Credit

A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility to May 8, 1999. Clean Harbors entered into the agreement with Congress Financial in May of 1995.

In announcing the extension, David A. Eckert, president and chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Clean Harbors Inc. said, "We are pleased that Congress Financial Corporation has extended our revolving credit facility until 1999 under essentially the same terms and conditions as the existing agreement. We are in full compliance with all the convenants and conditions of the loan and look forward to continuing our beneficial credit relationship with Congress Financial. We view this as another positive step in the process of putting the company on a very sound financial footing for our future success."

Clean Harbors Inc., provides comprehensive environmental services to a diversified customer base throughout the United States. The company is one of the largest providers of industrial waste management services in the country. Clean Harbors currently has service centers and sales offices in 24 states and Puerto Rico and operates 12 waste management facilities.

CONTACT: Clean Harbors Inc.,

Bill Geary, 617/849-1800, ext. 4169

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Publication:	Business Wire
Date:	Jun 25, 1997
Words:	205
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