v3.26.1
Subsequent Events - New Enviri
3 Months Ended
Mar. 31, 2026
Subsequent Event [Line Items]  
Subsequent Events Subsequent Events
On June 1, 2026, through the completion of the Transactions, Veolia acquired the Clean Earth segment for aggregate consideration of approximately $3.0 billion, subject to customary adjustments. Of the aggregate consideration, $1.3 billion was paid directly to the stockholders of CE Holdings, the former stockholders of Enviri, and the remaining $1.7 billion was paid to Enviri LLC, as successor by merger to the Company, pursuant to an intercompany note issued by CE Holdings to Enviri LLC in connection with the Reorganization. The $1.7 billion was primarily used to pay off the entirety of the outstanding balances on the Revolving Credit Facility and a portion of the Term Loan, redeem the Senior Notes in full, repay the AR Facility in connection with its termination, pay transaction expenses and retain cash to support Rail's large European engineered-to-order rail contracts.
New Enviri  
Subsequent Event [Line Items]  
Subsequent Events Subsequent Events
These Condensed Combined Financial Statements are derived from the condensed consolidated financial statements of Enviri, which issued its quarterly financial statements for the quarterly period ended March 31, 2026 on May 11, 2026. Accordingly, New Enviri has evaluated recognizable subsequent events through the date of May 11, 2026 and non-recognizable subsequent events through June 8, 2026, the date these Condensed Combined Financial Statements were available for issuance.
On June 1, 2026, through the Transactions, Enviri completed the sale of the Clean Earth segment to Veolia for approximately 3.0 billion, subject to customary adjustments. Of the aggregate consideration, 1.3 billion was paid directly to the stockholders of CE Holdings, the former stockholders of Enviri, and the remaining 1.7 billion was paid directly to Enviri LLC, as successor by merger to the Company, pursuant to an intercompany note issued by CE Holdings to Enviri LLC in connection with the Reorganization. The 1.7 billion was primarily used to pay off the entirety of the outstanding balances on the Revolving Credit Facility and a portion of the Term Loan, redeem the Senior Notes in full, repay the AR Facility in connection with its termination, pay transaction expenses and retain cash to support Rail's large European engineered-to-order rail contracts.