Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a bookrunner on this offering.

About

Heritage-Crystal Clean, Inc. (“the Company”) (NASDAQ: HCCI) recently completed a follow-on offering of 3,565,000 common shares at a price of $10.00 per share. The Company intends to use the net proceeds from the offering to pay down borrowings made in connection with its recently completed acquisition of FCC Environmental LLC and International Petroleum Corp. of Delaware and to complete the expansion of its used oil re-refinery, with the remaining net proceeds to be used for general corporate purposes, including the potential additional repayment of debt.

Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining and hazardous and non-hazardous waste services to small and mid-sized customers in both the manufacturing and vehicle service sectors. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois, and serves approximately 125,000 customer locations.

For additional information about this transaction, please contact:

Ross Williams +1 (414) 298-6235
Greg Ingram +1 (414) 298-7838
Jonathan Harrison +44 (207) 667-8414
Technology & Services
Follow-On Offering
Date
December 2014
Company
Heritage-Crystal Clean, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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