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Horsehead intends to price $80 million six-year convertible notes
By Rebecca Melvin
New York, July 20 - Horsehead Holding Corp. plans to price $80 million of six-year convertible senior notes in a Rule 144A private offering subject to market conditions and other factors, according to a news release.
There is a $20 million greenshoe.
Proceeds will be used, together with cash on hand, for construction of a new zinc facility and for general corporate purposes, including working capital, investment in business initiatives, capital expenditures and acquisitions.
Additional details weren't immediately available.
Horsehead is a Pittsburgh-based producer of specialty zinc and zinc products.
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