Waste Connections closes $3.2 billion revolver, term loan agreement

By Tali Rackner

Norfolk, Va., June 1 – Waste Connections, Inc. closed on an up to $3.2 billion revolving credit and term loan agreement on Wednesday in connection with its merger with Progressive Waste Solutions Ltd. and Waste Connections US, Inc., according to a press release.

Bank of America, NA is the agent.

The total availability may be increased up to a maximum amount of $3.7 billion.

As of Wednesday, the company drew roughly $2.2 billion to pay off and discharge the debt outstanding under the credit facilities of each of Progressive Waste and Waste Connections and for other general corporate purposes.

Waste Connections is a Folsom, Calif.-based solid waste services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.