Republic Services, Inc. Announces Bond Offering
November 18 2009 - 11:26AM
PR Newswire (US)
PHOENIX, Nov. 18 /PRNewswire-FirstCall/ -- Republic Services, Inc.
(NYSE: RSG) announced today that it has commenced a private
offering of senior notes due 2021, the net proceeds of which
Republic plans to use to finance the call of its 7.875% Senior
Notes due 2013 (of which $450 million is outstanding) and to
finance a portion of the call of its 4.250% Senior Subordinated
Convertible Debentures due 2034 (of which $230 million is
outstanding). The offering is subject to market and other
conditions. The notes will be our general senior unsecured
obligations and will be guaranteed by each of our subsidiaries that
also guarantee our revolving credit facilities. These guarantees
will be general senior unsecured obligations of the subsidiary
guarantors. We are offering the notes in reliance upon an exemption
from registration under the Securities Act of 1933 for an offer and
sale of securities that does not involve a public offering. The
notes have not been registered under the Securities Act and may not
be offered or sold in the United States absent registration or an
applicable exemption from registration. This communication does not
constitute an offer to sell or the solicitation of an offer to buy
any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which it would be unlawful. INFORMATION
REGARDING FORWARD LOOKING STATEMENTS The disclosures herein include
"forward looking statements" within the meaning of the federal
securities law concerning Republic's proposed offering. The terms
of, and Republic's ability to complete, such transaction will
depend upon prevailing market conditions and other factors. The
forward-looking statements are subject to these and other risks and
uncertainties that could cause actual results to differ materially
from future results expressed or implied by such forward-looking
statements. 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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