Republic Services, Inc. Announces Redemption of 4.25% Senior Subordinated Convertible Debentures Due 2034
02 Novembro 2009 - 7:15PM
PR Newswire (US)
PHOENIX, Nov. 2 /PRNewswire-FirstCall/ -- Republic Services, Inc.
(NYSE: RSG) announced today that it has notified the registered
holders of its 4.25% Senior Subordinated Convertible Debentures due
2034 (the "Debentures") that it will redeem all of the Debentures
outstanding on December 2, 2009 (the "Redemption Date"). The
Debentures will be redeemed at a price equal to 100% of the
principal amount of the Debentures, 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
Debentures, on the Redemption Date upon presentation and surrender
of the Debentures 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 expects to incur a charge upon
extinguishment of the Debentures of approximately $19 million. This
charge will be reflected in its fourth quarter 2009 financial
results. About Republic Services, Inc. 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 of Republic Services,
Inc. Web Site: http://www.republicservices.com/
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