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Safety-Kleen files for $400 million US IPO

By Renaissance Capital,  August 14, 2012, 09:04:47 AM EDT

Safety-Kleen, North America's leading provider of used oil recycling and parts cleaning, filed on Tuesday with the SEC to raise up to $400 million in an initial public offering. This is the company's second attempt at an IPO following a $350 million offering that was postponed in 2008 due to market conditions.

The Plano, TX-based company, which was founded in 2003 and booked $1.4 billion in sales for the 12 months ended 4/21/2012, plans to list on the NYSE under the symbol SK. Its shareholders include private equity-firms Highland Capital Management and Contrarian Capital Management. Credit Suisse and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

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