Harsco Rail Executes Agreement to Exit Deutsche Bahn Engineered-to-Order Contract and Receives Initial Payment from Sale of Project Assets to GBM
Enviri executed a definitive agreement with Deutsche Bahn that fully releases its Harsco Rail division from the engineered-to-order contract for utility track vehicles. The exit required repaying roughly $73 million in advances, but releases $13 million in performance bonds and approximately $49 million of restricted cash, with no further payments owed by either party. Harsco Rail received ~$8 million from GBM under an asset sale agreement, with ~$34 million more expected including $15-18 million in December and up to $16 million in 2027.
Key figures
- Deal Value Usd
- 0
- Net gain
- $19 million
- Advances repaid
- $73 million
- Gbm december payment
- $15-18 million
- Gbm payment received
- $8 million
- Gbm final payment 2027
- up to $16 million
- Remaining gbm payments
- $34 million
- Restricted cash released
- $49 million
- Performance bonds released
- $13 million
AI analysis
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