Tervita announces $250 million offering of secured notes due 2021

By Paul A. Harris

Portland, Ore., May 21 – Tervita Corp. announced in a Monday press release that it intends to issue $250 million senior secured notes due 2021 via Rule 144A and Regulation S.

Moody's Investors Service assigns its B2 rating to the notes.

The Calgary, Alta.-based environmental management company for the oil and gas industry plans to use the proceeds to fund the refinancing of Newalta's existing debt in connection with the acquisition of Newalta shares and merger of Tervita and Newalta into an entity to be called Amalco.

© 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.