Horizon on verge of completing refinancing

  Horizon Lines said it plans to complete a refinancing that includes an exchange offer with bondholders by Thursday.
  The nation’s largest operator of Jones Act container vessels said
99.3 of convertible senior notes due 2012 have been tendered as part of the exchange offer.
  Those bondholders will exchange about $330 million in notes for two new series of notes with higher interest rates and 50 million shares of common stock, which will give them control of the company.