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HC2 Holdings to pay down credit facility with proceeds from new notes
By Marisa Wong
Madison, Wis., Nov. 3 – HC2 Holdings, Inc. plans to repay the outstanding amounts under its credit facility using proceeds from a senior secured notes offering, according to a press release.
The company began a roadshow on Monday for the Rule 144A and Regulation S offering via Jefferies & Co.
HC2 is a Herndon, Va.-based holding company of operating subsidiaries in the United States and the United Kingdom. Its subsidiaries include engineering support services provider Schuff International Inc., offshore engineering company Global Marine Systems Ltd., communications services provider PTGi International Carrier Services, Inc., natural gas fueling company ANG Holding, Inc. and orthopedics company Genovel Orthopedics, Inc.
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