WCA may refinance 7½% notes due 2019 with Macquarie buyout facility

By Susanna Moon

Chicago, Dec. 21 - WCA Waste Corp. said it may refinance its 7½% senior notes due in 2019 using proceeds of a credit facility planned for the buyout of the company by Macquarie Infrastructure Partners II.

As part of the deal, the company will be required to make a change-of-control offer under the notes, according to a news release.

Macquarie Infrastructure plans to buy WCA for $6.50 per share in cash, with the deal worth about $526 million.

Proceeds from the loans also will be used to provide liquidity and refinance WCA's bank debt.

WCA is a Houston-based non-hazardous solid-waste services company.

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