Republic Services, Inc. Announces Redemption of 7.875% Senior Notes Due 2013
29 Outubro 2009 - 8:00AM
PR Newswire (US)
PHOENIX, Oct. 29 /PRNewswire-FirstCall/ -- Republic Services, Inc.
(NYSE: RSG) announced today that it has notified the registered
holders of its 7.875% Senior Notes due 2013 (the "Notes") that it
will redeem all of the Notes outstanding on November 30, 2009 (the
"Redemption Date"). The Notes will be redeemed at a price equal to
102.625% of the principal amount of the Notes, plus accrued and
unpaid interest up to, but not including, the Redemption Date.
Payment of the redemption price will be made by U.S. Bank National
Association, the trustee under the indenture governing the Notes,
on the Redemption Date upon presentation and surrender of the Notes
as set forth in the redemption notice. The company intends to use
cash on hand and, if necessary, incremental borrowings under its
revolving credit facility to fund the redemption. The company may
also explore capital markets opportunities to fund the redemption
if market conditions are favorable. The company expects to incur a
charge upon extinguishment of the Notes of approximately $35
million. This charge will be reflected in its fourth quarter 2009
financial results. ABOUT REPUBLIC SERVICES Republic Services, Inc.
is a leading provider of services in the domestic, non-hazardous
solid waste industry. The Company provides non-hazardous solid
waste collection services for commercial, industrial, municipal,
and residential customers through 380 collection companies in 40
states. It also owns or operates 239 transfer stations, 199 solid
waste landfills and 79 recycling facilities. Republic serves
millions of residential customers under contracts with more than
3,000 municipalities for waste collection and residential services.
It also serves commercial customers throughout its expansive
service area. For more information, visit the Republic Services web
site at http://www.republicservices.com/ DATASOURCE: Republic
Services, Inc. CONTACT: media, Will Flower, +1-480-718-6565; or
investors, Ed Lang, +1-480-627-7128, both for Republic Services,
Inc. Web Site: http://www.republicservices.com/
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