Heckmann amends revolver, increasing size and pushing out maturity

By Sara Rosenberg

New York, Dec. 6 - Heckmann Corp. amended its credit facility, increasing the revolver to $325 million from $150 million and extending the maturity to Nov. 30, 2017 from April 10, 2017, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Pricing on the amended facility ranges from Libor plus 250 basis points to 375 bps, based on leverage.

There is a $100 million accordion feature.

The amendment was completed on Nov. 30.

Wells Fargo Bank is the administrative agent on the deal.

Heckmann is a Coraopolis, Pa.-based environmental services company focused on the movement, treatment and disposal of water generated by energy companies.

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