HARRISBURG, Pa., Oct. 2, 2001 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that it has successfully renewed its $131 million, 364-day credit facility through a syndicate of banks led by JPMorgan Chase. Harsco Senior Vice President, Chief Financial Officer and Treasurer Salvatore D. Fazzolari said the renewal reaffirms the continued confidence of the lending community in Harsco's financial strength and long-term outlook. The 364-day facility is part of a combined $350 million credit facility that serves as backup to Harsco's investment-grade U.S. commercial paper program, rated A-2 by Standard & Poor's, P-2 by Moody's and F2 by Fitch IBCA.
Harsco Corporation is a diversified, global company providing market-leading industrial services and products to the worldwide infrastructure development, steel, railway transportation, gas and energy industries. The company employs more than 20,000 people in 40 countries of operation, and recorded 2000 revenues of $2 billion. Additional information about Harsco can be found at www.harsco.com.