Enviri Unit Harsco Rail Released By Deutsche Bahn From Its Engineered-To-Order Contract For Utility Track Vehicles; Harsco Rail Has Repaid The Advances Totaling ~$73M
Deutsche Bahn (DB) agreement fully releases Harsco Rail from its obligations under the ETO contract, including elimination of its $13 million in performance bondsHarsco Rail received approximately $8 million in
Harsco Rail paid back about $73 million to Deutsche Bahn and is now free from a big contract. This means the company has one less promise to keep, so watch if they use that breathing room wisely.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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