Heska launches $75M off-market fundraiser

LOVELAND  — Veterinary diagnostic-equipment maker Heska Corp. (Nasdaq: HSKA) is planning to sell $75 million in debt notes off the public markets.

The Loveland-based company said it will offer the debt notes, which reach full maturity in 2026, to institutional buyers, according to filings with the U.S. Securities and Exchange Commission.

In the filings, Heska said it plans to use the funds to pay off $12.8 million in existing debt and fund growth projects, including potential acquisitions and for use as working capital. The company said it is currently evaluating acquisition targets, but has not made any agreements with other companies for a possible buyout.

Heska stock stood at $71.61 as of the close of trading Wednesday. It made the announcement after hours.

LOVELAND  — Veterinary diagnostic-equipment maker Heska Corp. (Nasdaq: HSKA) is planning to sell $75 million in debt notes off the public markets.

The Loveland-based company said it will offer the debt notes, which reach full maturity in 2026, to institutional buyers, according to filings with the U.S. Securities and Exchange Commission.

In the filings, Heska said it plans to use the funds to pay off $12.8 million in existing debt and fund growth projects, including potential acquisitions and for use as working capital. The company said it is currently evaluating acquisition targets, but has not made any agreements with other companies for a possible buyout.

Heska stock stood at $71.61 as of the close of trading Wednesday. It made the announcement after hours.