This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Heckmann Corporation Completes Public Offering Of Common Stock

Heckmann Corporation (NYSE: HEK) (“Heckmann”) today announced that it has closed the previously announced underwritten public offering of 18,200,000 shares of its common stock at a price of $4.40 per share. On or before April 26, 2012, the underwriters may purchase up to an additional 2,730,000 shares from Heckmann to cover over-allotments, if any. Credit Suisse Securities (USA) LLC, Jefferies & Company, Inc. and Roth Capital Partners, LLC acted as joint book-running managers for this offering.

Heckmann expects to use the net proceeds from this offering to finance a portion of the cash purchase price of its previously announced acquisition of TFI Holdings, Inc. (“TFI”). If the acquisition of TFI is not completed, Heckmann intends to use the net proceeds from this offering to repay debt under its existing credit facility.

Copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained from the offices of Credit Suisse Securities (USA) LLC, Attention: Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010 or (800) 221-1037, Jefferies & Company, Inc., 520 Madison Avenue, 12th Floor, New York, NY 10022, (877) 547-6340 or email: Prospectus_Department@Jefferies.com, or Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660, (800) 678-9147 or email: rothecm@roth.com.

The offering was made under an effective shelf registration statement filed with the United States Securities and Exchange Commission (“SEC”). The prospectus supplement (including the accompanying prospectus) was filed with the SEC and is available on its website at http://www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. The offering may be made only by means of a prospectus and related prospectus supplement.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs