Heckmann Corporation Completes Exchange Offer For Senior Notes
Heckmann Corporation (NYSE: HEK) (“Heckmann”) today announced that it has closed its offer to exchange up to $250,000,000 in aggregate principal amount of 9.875% Senior Notes due 2018 (the “Exchange Notes”), which have been registered under the United States Securities Act of 1933, as amended (the “Securities Act”), for an equal aggregate principal amount of its outstanding 9.875% Senior Notes due 2018 (the “Old Notes”) that were originally issued on April 10, 2012, in a transaction exempt from registration under the Securities Act.
The exchange offer expired at 5:00 p.m., New York City time, on August 15, 2012. As of that time, $250,000,000 in aggregate principal amount of the Old Notes, or 100% of the outstanding principal amount of the Old Notes, had been tendered in the exchange offer. Heckmann accepted for exchange all of the Old Notes validly tendered and not withdrawn prior to expiration of the exchange offer.
The exchange offer was made to satisfy Heckmann’s obligations under a registration rights agreement entered into in connection with the issuance of the Old Notes, and did not represent a new financing transaction. The terms of the Exchange Notes are substantially identical to the terms of the Old Notes, except that the Exchange Notes have been registered under the Securities Act and will not be subject to the transfer restrictions and registration rights that related to the Old Notes.
This press release is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any of the Old Notes or the Exchange Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.About Heckmann Corporation Heckmann Corporation (NYSE:HEK) is an environmental services company. Heckmann is dedicated to the movement, treatment and disposal of water generated by energy companies involved in the discovery and production of oil and natural gas. Heckmann is also a one-stop-shop for collection and recycling services for oily waste products, including used motor oil, oily wastewater, spent antifreeze, used oil filters and parts washers. Heckmann is building a national footprint across its environmental service offerings and has more than 1,500 employees and operates in 52 locations in the U.S.
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