About Heckmann CorporationHeckmann Corporation (NYSE: HEK) is a services-based company focused on total water solutions for shale or “unconventional” oil and gas exploration and, following the acquisition of TFI, environmental services and waste recycling solutions. Heckmann’s water solutions segment is called Heckmann Water Resources, or HWR, and includes water disposal, trucking, fluids handling, treatment and pipeline transport facilities, and water infrastructure services for oil and gas exploration and production companies. Through these operations, HWR offers an integrated and efficient full service water program for hydraulic fracturing operations. Following the acquisition of TFI, Heckmann’s environmental services and waste recycling solutions segment will be called Heckmann Environmental Services, or HES, and will be a “one-stop” shop of collection and recycling services for waste products, including used motor oil, wastewater, spent antifreeze, used oil filters and parts washers. Forward Looking Statements This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including statements related to the offering, the expected use of the net proceeds and Heckmann’s proposed acquisition of TFI, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are discussed in Heckmann’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2011, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Do not rely on any forward-looking statement, as Heckmann cannot predict or control many of the factors that ultimately may affect its ability to achieve the results estimated. Heckmann makes no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.
Heckmann Corporation (NYSE: HEK) (“Heckmann”) today announced that the previously announced public offering of its common stock (the “Common Stock”) in an underwritten public offering has priced at $4.40 per share. Heckmann is offering 18,200,000 shares in the offering, an increase of 1,500,000 shares over the anticipated offering amount of 16,700,00 shares. Heckmann has agreed to grant the underwriters a 30-day option to purchase up to an additional 2,730,000 shares to cover over-allotments, if any. Credit Suisse Securities (USA) LLC, Jefferies & Company, Inc. and Roth Capital Partners, LLC are acting 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: firstname.lastname@example.org. The offering will be made under an effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”). The prospectus supplement (including the accompanying prospectus) will be filed with the SEC and will be 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.