Enviri presents net leverage reduction to 1.9x following Clean Earth sale
NVRI•Enviri's credit agreement net leverage fell to 1.9x in Q3 2026 from 5.0x in Q1 following the Clean Earth sale. The company said it is exiting Deutsche Bahn and Network Rail contracts and targets maximum leverage of 3.0x, with about $150 million in unused revolving credit capacity.
1. Leverage and contracts
Enviri's credit agreement net leverage declined to 1.9x in Q3 2026 from 5.0x in Q1, driven by the Clean Earth sale. Harsco Rail decided to exit its Deutsche Bahn and Network Rail contracts, eliminating future execution risk and performance-related cash outflows. The SBB contract remains on a low-risk path to completion in 2027/2028, with positive future cash flows expected.
2. Financial strategy
Enviri targets maximum credit agreement leverage of 3.0x and has approximately $150 million in unused revolving credit capacity.
