Horsehead Holding plans offering of notes to fund plant construction

By Angela McDaniels

Tacoma, Wash., June 27 - Horsehead Holding Corp. plans to sell senior secured notes in a Rule 144A and Regulation S offering, according to a company news release.

The offering is subject to market and other conditions.

Horsehead said it continues to explore and pursue other financing alternatives and may elect not to pursue a possible notes offering.

Proceeds will be used to fund the construction of the company's Rutherford, N.C., plant.

Pittsburgh-based Horsehead Holding is the parent company of Horsehead Corp., which produces specialty zinc and zinc-based products and recycles electric arc furnace dust; International Metals Reclamation Co., which recycles metals-bearing wastes and processes nickel-cadmium batteries; and Zochem Inc., which produces zinc oxide.

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