Skip to main content



, a maker of products for the energy and construction industries, said Tuesday it intends to offer $150 million of senior subordinated notes in a private placement to qualified institutional buyers, subject to market and other conditions.

Notes will mature in 2016 and interest rate is yet to be determined.

Scroll to Continue

TheStreet Recommends

The South Jordan, Utah-based company intends to use all of the net proceeds from the offering to repay a portion of its senior secured credit facility.

Shares rose 28 cents, or 1.1%, to $24.86 in recent trading.

This story was created through a joint venture between and IRIS.