Heckmann offers $150 million tap of 9 7/8% senior notes due 2018

By Paul A. Harris

Portland, Ore., Oct. 24 - Heckmann Corp. will hold a roadshow for a $150 million tack-on to its 9 7/8% senior notes due April 15, 2018 through early in the Oct. 29 week, according a syndicate source.

Jefferies & Co., Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are the joint bookrunners.

RBS Securities Inc. and Roth Capital are the co-managers.

The Rule 144A with registration rights notes are callable with a make-whole at Treasuries plus 50 basis points until April 15, 2015, then callable at 104.938.

Proceeds will be used to fund the acquisition of Power Fuels LLC and to refinance existing debt.

The original $250 million issue priced at 99.442 to yield 10% on April 4, 2012.

The tack-on notes will be fungible with existing notes.

Heckmann is a Coraopolis, Pa.-based provider of total water solutions for the oil and gas exploration and production industry.

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