Safety-Kleen files for IPO
August 14, 2012
From Collin County Business Press
[Soon-to-be-Richardson-based] Safety-Kleen Inc. has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The offered shares will be sold by certain of its stockholders. Safety-Kleen plans to apply to list its shares on the New York Stock Exchange under the symbol ‘SK.’ The IPO could potentially raise $400 million, according to the company’s prospectus.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.
Safety-Kleen is a provider of environmental services to commercial, industrial and automotive customers, and a re-refiner of used oil and provider of parts cleaning services in North America, with approximately 4,200 employees serving more than 200,000 customer locations in the United States, Canada and Puerto Rico. The firm had previously filed for an IPO iin May 2008, but dropped the offering citing market conditions at the time.
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