MergerJun 1, 2026, 05:15 PM
Enviri Completes Merger and Restructuring; New Entity to Trade as NVRI
AI Summary
Enviri Corporation announced the completion of a series of transactions on June 1, 2026, including a Holding Company Merger, a Reorganization, and a Merger with Veolia Environnement S.A. These transactions effectively split Enviri into two entities: one holding the 'Clean Earth' business under Veolia's ownership, and another, New Enviri, which is a separate publicly traded company holding the 'New Enviri Business' (formerly Enviri's Harsco Environmental and Rail businesses). New Enviri Common Stock is set to begin trading on the NYSE under the symbol 'NVRI' on June 2, 2026. As part of the completion, Enviri also repaid its Receivables Purchase Agreement and redeemed its outstanding senior notes.
Key Highlights
- Enviri Corporation completed a series of transactions on June 1, 2026, involving a merger with Enviri LLC and a reorganization.
- The transactions resulted in Veolia indirectly owning Enviri's 'Clean Earth' business through CLEH.
- Enviri LLC, now holding the 'New Enviri Business', is owned by New Enviri, which is a separate publicly traded company.
- Former Enviri stockholders now own all of New Enviri Common Stock.
- New Enviri Common Stock is expected to trade under the symbol 'NVRI' on the NYSE starting June 2, 2026.
- Enviri repaid all amounts under its Receivables Purchase Agreement and terminated related documents.
- Enviri redeemed its outstanding $475 million principal amount of 5.75% Senior Notes due 2027 on June 1, 2026.
Price Impact
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