$ZINC Receives a 500M tax break from the state of
Post# of 144482
Posted On: 01/28/2016 6:03:48 PM
$ZINC Receives a 500M tax break from the state of North Carolina!
NOTE V—SUBSEQUENT EVENT:
Quote:In October 2015, the Company received a tax certification notice from the state of North Carolina that it had qualified for and been approved for a tax credit on the eligible assets related to its recycling equipment at its facility located in Mooresboro, North Carolina. The Company is eligible to a receive a tax credit not to exceed 50% of its verified equipment which exceeded $500 million in total cost. During the fourth quarter of 2015, the Company will record the related tax benefit less any required valuation allowance.
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
$ZINC
Quote:"Cash on hand and availability on our credit facilities totaled $53.9 million at the end of the quarter. In July, we completed a refinancing of two of our credit facilities, adding approximately $30 million of additional liquidity. We believe we have adequate liquidity to meet the capital needs of the business through completion of the ramp-up of the Mooresboro facility."
http://www.marketwatch.com/story/horsehead-ho...2015-08-07
Quote:Horsehead Holding Corp. PITTSBURGH, Jul 07, 2015 (BUSINESS WIRE) -- (Nasdaq: ZINC), today announced that its wholly owned direct and indirect subsidiaries, INMETCO, Horsehead Corporation and Horsehead Metal Products, LLC, entered into a new secured revolving credit facility with Macquarie Bank Limited, maturing on May 15, 2017. The new facility replaces the maximum aggregate $80 million principal amount of two credit facilities to which these subsidiaries previously were parties. It is in the same maximum principal amount, and is secured by the same collateral of such subsidiaries. However, the new credit facility accommodates a broader borrowing base than such previous credit facilities, adding approximately $30 million of additional availability.
http://www.marketwatch.com/story/horsehead-an...2015-07-07
NOTE V—SUBSEQUENT EVENT:
Quote:In October 2015, the Company received a tax certification notice from the state of North Carolina that it had qualified for and been approved for a tax credit on the eligible assets related to its recycling equipment at its facility located in Mooresboro, North Carolina. The Company is eligible to a receive a tax credit not to exceed 50% of its verified equipment which exceeded $500 million in total cost. During the fourth quarter of 2015, the Company will record the related tax benefit less any required valuation allowance.
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
$ZINC
Quote:"Cash on hand and availability on our credit facilities totaled $53.9 million at the end of the quarter. In July, we completed a refinancing of two of our credit facilities, adding approximately $30 million of additional liquidity. We believe we have adequate liquidity to meet the capital needs of the business through completion of the ramp-up of the Mooresboro facility."
http://www.marketwatch.com/story/horsehead-ho...2015-08-07
Quote:Horsehead Holding Corp. PITTSBURGH, Jul 07, 2015 (BUSINESS WIRE) -- (Nasdaq: ZINC), today announced that its wholly owned direct and indirect subsidiaries, INMETCO, Horsehead Corporation and Horsehead Metal Products, LLC, entered into a new secured revolving credit facility with Macquarie Bank Limited, maturing on May 15, 2017. The new facility replaces the maximum aggregate $80 million principal amount of two credit facilities to which these subsidiaries previously were parties. It is in the same maximum principal amount, and is secured by the same collateral of such subsidiaries. However, the new credit facility accommodates a broader borrowing base than such previous credit facilities, adding approximately $30 million of additional availability.
http://www.marketwatch.com/story/horsehead-an...2015-07-07
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