Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Heckmann Closes $250 Mln Senior Notes Offering

Heckmann Corp. (HEK: Quote) 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.

Click here to receive FREE breaking news email alerts for Heckmann Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Personal spending in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Friday, with the drop in spending accompanied by weaker than expected personal income growth. Stocks are likely to jump sharply at the start of trading on Friday, extending the upward move seen over the course of the previous session. The major index futures are currently pointing to a substantially higher open for the markets, with the Dow futures up by 169 points. Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.