Company: CLH
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000822818-25-000040
Chunk: 37

Company: CLEAN HARBORS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 86 (12)74 Balance at September 30, 2025$1,911 $55,879 $39,527 $97,317     In the nine months ended September 30, 2025, the Company decreased its remedial liability for a site by approximately $10 million due to its conclusion that loss was no longer probable based on the evaluation of available evidence.

(11) FINANCING ARRANGEMENTS

Long-term DebtThe following table is a summary of the Company’s long-term debt (in thousands):September 30, 2025December 31, 2024Current Portion of Long-Term Debt:Secured senior term loans$15,102 $15,102 Long-Term Debt:Secured senior term loans due October 8, 20281,438,469 1,449,796 Unsecured senior notes, at 4.875%, due July 15, 2027 (“2027 Notes”)545,000 545,000 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 Long-term debt, at par$2,783,469 $2,794,796 Unamortized debt issuance costs and discount, net(19,238)(23,679)Long-term debt, at carrying value$2,764,231 $2,771,117 

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Financing ActivitiesThe Company’s significant financing arrangements are described in Note 12, “Financing Arrangements,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. There have been no material changes to the arrangements described therein as of September 30, 2025. As of September 30, 2025 and December 31, 2024, the estimated fair value of the Company's outstanding long-term debt, including the current portion, was $2.8 billion. The Company's estimates of fair value of its long-term debt, including the current portion, are based on quoted market prices or other available market data that are considered Level 2 measures according to the fair value hierarchy. Level 2 utilizes quoted market prices in markets that are not active