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Covanta to redeem 7¼% notes due 2020 on April 3
New York, March 2 – Covanta Holding Corp. will redeem its 7¼% senior notes due 2020 on April 3, according to a news release.
Funding for the redemption will come from a $400 million offering of new senior notes and cash on hand or borrowings from Covanta Energy, LLC’s revolving credit facility.
Covanta is a Morristown, N.J., operator of waste-to-energy electricity generating facilities.
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