logo
Share SHARE
FONT-SIZE Plus   Neg

Heckmann Closes $250 Mln Senior Notes Offering

Heckmann Corp. (HEK) Tuesday said it closed the previously announced offering of $250 million in aggregate principal amount of 9.875 percent senior notes due 2018. The senior notes were issued at a price of 99.442 percent of their principal amount.

The proceeds will be used for funding the acquisition of TFI Holdings Inc. and Thermo Fluids Inc., while some portion will be used to repay debt.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Wal-Mart Stores has disappointed Nintendo fans after it cancelled pre-orders for the Super Nintendo Entertainment System - Classic Edition, a standalone mini Super Nintendo with pre-loaded games. The console is slated to be launched later this fall. Oil company Exxon Mobil Corp. on Friday reported a 97 surge in profit for the second quarter from last year, while Chevron Corp. reported a turnaround to profit in the quarter, both on higher revenues. The results reflect higher crude oil and natural gas prices as well as improved refining margins. However, Exxon Mobil's earnings missed analysts' expectations. Merck (MRK) reported second-quarter Non-GAAP EPS of $1.01 compared to $0.93, a year ago. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.87 for the quarter. Analysts' estimates typically exclude special items. Second-quarter net income attributable...
comments powered by Disqus
Follow RTT