SRCL - Stericycle divests global product business

Stericycle ([[SRCL]] +0.3%) completes divestiture of its global product recall business called Expert Solutions to Sedgwick. Company intends to use the net proceeds from the divestiture to pay down outstanding debt.“The sale of Expert Solutions demonstrates our continued commitment to deliver on our key business priorities. By streamlining Stericycle to its core businesses, we are able to focus greater attention on driving quality of revenue initiatives and improving sustainable operational efficiencies throughout our business.” said Cindy J. Miller, CEO.Previously: Stericycle launches $400M senior notes offering (Nov. 9)

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Stericycle divests global product business