Heckmann's $150 million tap of 9 7/8% notes due 2018 talked at 100-100.5, to price Friday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Oct. 26 - Heckmann Corp. has moved up the timing of its $150 million tack on to the company's 9 7/8% senior notes due April 15, 2018 to Friday, a market source said.

The notes are being talked in the area of 100 to 100.5, the source continued.

Books close at noon ET, and pricing is expected thereafter. A roadshow had been previously expected to last into the Oct. 29 week.

Jefferies & Co., Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are the joint bookrunners.

RBS Securities Inc. and Roth Capital are the co-managers.

The Rule 144A with registration rights notes are callable with a make-whole at Treasuries plus 50 basis points until April 15, 2015, then callable at 104.938.

Proceeds will be used to fund the acquisition of Power Fuels LLC and to refinance existing debt.

The original $250 million issue priced at 99.442 to yield 10% on April 4, 2012.

The tack-on notes will be fungible with existing notes.

Heckmann is a Coraopolis, Pa.-based provider of total water solutions for the oil and gas exploration and production industry.

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