EnergySolutions proposes offering of $300 million of notes

Radioactive waste services company EnergySolutions, Inc. (Salt Lake City, UT) announced plans to offer $300 million in aggregate principal amount of senior unsecured notes due in 2018. The company said that the net proceeds of this offering, along with the borrowings under a new senior secured credit facility, will be used to refinance all of EnergySolutions’ outstanding indebtedness under its existing credit facilities. On August 2, the company announced preliminary financial results for the quarter ending on June 30, reporting revenue in the range of $385 million to $405 million and a net loss for the quarter between $28 million and $30 million. EnergySolutions said that it will release the actual second-quarter results on August 5.