Enviri completes spin-off creating separate public company, takes on $370.7M term loan

Filed June 1, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  Enviri completed a holding company merger and spin-off on June 1, 2026. Shareholders received one share of New Enviri for every three shares held, with New Enviri trading separately under NVRI starting June 2, 2026.

  Item 5.02 verify on EDGAR →
• high

  New Enviri joined credit facilities totaling $522.7M: a $152M revolving facility (currently undrawn) and $370.7M term loan (fully drawn, maturing March 2028). Company must maintain 3.0x max leverage and 2.5x min interest coverage ratios.

  Item 1.01 verify on EDGAR →
• medium

  Credit agreement restricts New Enviri's ability to incur additional debt, make acquisitions, pay dividends, repurchase stock, or sell assets, limiting management's strategic and capital allocation flexibility.

  Item 1.01 verify on EDGAR →