Texas Oil Recycler Safety-Kleen Plans $400M IPO

Law360, New York (August 14, 2012, 3:49 PM EDT) -- Private equity-owned Texas oil recycler and energy industrial parts cleaner Safety-Kleen Inc. announced plans to for an initial public offering that could raise as much as $400 million in stock, the company said in a regulatory filing Tuesday.

Safety-Kleen, which is owned by a consortium of asset managers including Dallas private fund firm Highland Capital Management LP and Contrarian Capital Management LLC, plans to list itself on the New York Stock Exchange under the SK symbol. The company said in its U.S. Securities and Exchange Commission...
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