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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 RTTNews Staff Writer

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