HARRISBURG, Pa., Aug. 12, 2004 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that it has successfully renewed its revolving credit facility to a new $350 million, three-year term. The facility was arranged through a syndicate of banks led by JPMorgan Chase, and serves as backup to Harsco's investment-grade commercial paper programs, rated A-2 by Standard & Poor's, P-2 by Moody's and F2 by Fitch IBCA. Harsco Senior Vice President, Chief Financial Officer and Treasurer Salvatore D. Fazzolari said the new facility, which was substantially oversubscribed, demonstrates the continued confidence of the lending community in Harsco's financial strength and long-term business outlook.
Harsco Corporation is a diversified, worldwide industrial services and products company with annual sales in excess of $2 billion. Harsco's market-leading businesses provide mill services, access services, gas containment and control technologies, and engineered products and services to customers worldwide. The company employs 18,000 people at over 400 locations in more than 40 countries of operation. Additional information about Harsco can be found at www.harsco.com.
The Harsco Corporation logo is available at: http://media.primezone.com/prs/single/?pkgid=361