By Aleesia Forni
Virginia Beach, Va., June 4 - Horsehead Holding Corp. priced a $20 million add-on to its existing 10½% senior secured notes due 2017 at 106.5 in a private placement, according to a filing with the Securities and Exchange Commission.
The company intends to use the proceeds from the Rule 144A and Regulation S transaction for general corporate purposes, including working capital needs, investment in business initiatives and capital expenditures.
The original $175 million issue priced at 98.188 to yield 11% on July 19, 2012.
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.
| Issuer: | Horsehead Holding Corp.
|
| Amount: | $20 million
|
| Maturity: | June 1, 2017
|
| Security description: | Add-on to 10½% senior secured notes due June 1, 2017
|
| Coupon: | 10½%
|
| Price: | 106.5
|
| Trade date: | June 3
|
| Distribution: | Rule 144A, Regulation S
|
| Original issue: | $175 million priced at 98.188 to yield 11% on July 19, 2012
|
| Total issue size: | $195 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
