Allied Waste to price $300 million 10-year notes Friday

By Paul A. Harris

St. Louis, April 3 - Allied Waste Industries, Inc. is expected to price an off-the-shelf offering of $300 million senior notes due 2013 (Ba3/BB-/BB-) on Friday, according to a syndicate source.

JP Morgan, Credit Suisse First Boston and Deutsche Bank Securities Inc. are joint bookrunners. Banc One Capital Markets, BNP Paribas, Credit Lyonnais, Fleet Securities, Scotia Capital, Wachovia Securities and UBS Warburg are co-managers.

The notes are non-callable for five years and will be issued through the company's Allied Waste North America, Inc. subsidiary.

Proceeds will be used to help fully repay amounts outstanding under the existing credit facility.

The issuer is a Scottsdale, Ariz.-based waste hauler.

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