Agribusiness  September 11, 2019

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.

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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…

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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