Heckmann to start roadshow Tuesday for $250 million six-year notes

By Paul A. Harris

Portland, Ore., March 26 - Heckmann Corp. plans to start a roadshow on Tuesday for a $250 million offering of six-year senior notes, according to a syndicate source.

The roadshow is scheduled to wrap up during the middle part of the April 2 week.

Jefferies & Co. Inc. is the left bookrunner. Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC are joint bookrunners.

The Rule 144A with registration rights notes come with three years of call protection.

Credit ratings remain to be determined; however, the company has a single B ratings profile, the syndicate source said.

Proceeds, along with proceeds from a concurrent equity offering, will be used to finance the acquisition of Thermo Fluids Inc.

Heckmann is a Coraopolis, Pa.-based provider of total water solutions for the oil and gas exploration and production industry. In addition the company provides environmental services and waste recycling solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.