Market Overview

Heckmann Corporation Announces Planned Offering of $250M Senior Notes Due 2018

Heckmann Corporation (NYSE: HEK) today announced that it plans to offer $250,000,000 in aggregate principal amount of senior notes due 2018 in a private placement to qualified institutional buyers within the United States and to non-U.S. persons outside of the United States.

The net proceeds from the senior notes offering will be used to finance a portion of the cash purchase price of its acquisition of TFI Holdings, Inc. and Thermo Fluids Inc. for $227.5 million, with the remaining net proceeds to be used to repay debt under its existing credit facility.

Posted-In: News Offerings

 

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