Heckmann Corporation Announces Proposed Public Offering of Common Stock; 16.7M Shares

Heckmann Corporation

today announced that it plans to sell 16,700,000 shares of its common stock (the “Common Stock”) in an underwritten public offering. Heckmann also plans to grant the underwriters a 30-day option to purchase up to an additional 2,505,000 shares to cover over-allotments, if any. Credit Suisse Securities (

) LLC, Jefferies & Company, Inc. and Roth Capital Partners, LLC are acting as joint book-running managers for this offering. Heckmann expects to use the net proceeds from this offering to finance a portion of the cash purchase price of its previously-announced acquisition of TFI Holdings, Inc. (“TFI”). If the acquisition of TFI is not completed, Heckmann intends to use the net proceeds from this offering to repay debt under its existing credit facility.