Covanta plans new debt financing for buyout by EQT Infrastructure

By Sara Rosenberg

New York, July 16 – Covanta Holding Corp. has received a commitment for debt financing to help fund its acquisition by EQT Infrastructure for $20.25 per share, according to an 8-K filed with the Securities and Exchange Commission on Friday.

Other funds for the transaction will come from equity.

Closing is expected in the fourth quarter, subject to Covanta shareholder approval and customary government approvals.

Covanta is a Morristown, N.J.-based provider of sustainable waste and energy solutions.

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