Allied Waste to price quick-to-market $250 million seven-year deal on Wednesday

By Paul A. Harris

St. Louis, Nov. 4 - Allied Waste North America, Inc. intends to price an offering of $250 million of senior secured notes due 2010 on Wednesday, according to an informed source.

No price talk was heard as Prospect News went to press Tuesday night.

Citigroup and JP Morgan are joint bookrunners on the Rule 144A/Regulation S offer.

Allied Waste will use proceeds from the seven-year non-call-four notes to retire a portion of Allied Waste North America's 10% senior subordinated notes due 2009 through open market repurchases or otherwise.

Allied Waste is a subsidiary of Scottsdale, Ariz. waste services company Allied Waste Industries, Inc.

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