Heckmann Corporation Announces Pricing of $150,000,000 Senior Notes Due 2018
SCOTTSDALE, Ariz. -- October 27, 2012
Heckmann Corporation (NYSE: HEK) (“Heckmann”) today announced that its
wholly-owned subsidiary, Rough Rider Escrow, Inc., has priced its previously
announced offering of $150,000,000 in aggregate principal amount of 9.875%
senior notes due 2018 (the “Senior Notes”) to be sold in a private placement
to qualified institutional buyers within the United States and to non-U.S.
persons outside of the United States. The sale of the Senior Notes is expected
to be completed on November 5, 2012, subject to customary closing conditions.
The net proceeds from the offering of the Senior Notes will be used to
partially finance the pending merger of Badland Power Fuels, LLC (formerly
Badlands Energy, LLC) with and into a wholly-owned subsidiary of Heckmann and
to pay related fees and expenses. Promptly after the consummation of the
merger, the Senior Notes will be exchanged for a like principal amount of
Heckmann 9.875% Senior Notes due 2018 (the “Exchange Notes”), such Exchange
Notes to constitute an additional issuance of Heckmann’s currently outstanding
9.875% Senior Notes due 2018 under Heckmann’s existing Indenture dated as of
April 10, 2012, as amended.
The Senior Notes to be offered have not been registered under the United
States Securities Act of 1933, as amended (the “Securities Act”), or any state
securities laws, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and state securities laws. The Senior Notes are expected to
be eligible for resale by the initial purchasers thereof, pursuant to Rule
144A and Regulation S under the Securities Act.
This press release is being issued pursuant to Rule 135c under the Securities
Act, and is neither an offer to sell nor a solicitation of an offer to buy any
of these securities and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale is unlawful.
About Heckmann Corporation
Heckmann Corporation (HEK) is an environmental services company. Heckmann is
dedicated to the movement, treatment and disposal of water generated by energy
companies involved in the discovery and production of oil, natural gas liquids
and natural gas. Heckmann is also a one-stop-shop for collection and recycling
services for oily waste products, including used motor oil, oily wastewater,
spent antifreeze, used oil filters and parts washers. Heckmann is building a
national footprint across its environmental service offerings and has more
than 1,500 employees and operates in more than 55 locations in the United
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. Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. Forward-looking
statements may involve known and unknown risks, uncertainties and other
factors that may cause results, levels of activity, performance or
achievements to differ materially from results expressed or implied by this
press release. Such risk factors include, among others: difficulties
encountered in acquiring and integrating businesses, including Power Fuels;
whether certain markets grow as anticipated; and the competitive and
regulatory environment. Additional risks and uncertainties are set forth in
Heckmann’s Annual Report on Form 10-K for the fiscal year ended December 31,
2011, the Current Report on Form 8-K filed by Heckmann on April 10, 2012, as
well as Heckmann’s other reports filed with the United States Securities and
Exchange Commission, all of which are available at http://www.sec.gov/ and on
Heckmann’s website at http://heckmanncorp.com/. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this presentation. All forward-looking statements are qualified in
their entirety by this cautionary statement. Heckmann undertakes no obligation
to publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
The Piacente Group, Inc.
Brandi Piacente, +1 212-481-2050
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