Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for ADS Waste Holdings Inc. > News item |
ADS Waste to start roadshow Thursday for $750 million eight-year notes
By Paul A. Harris
Portland, Ore., Sept. 19 - ADS Waste Holdings Inc. plans to start a roadshow on Thursday for a $750 million offering of eight-year senior notes (Caa1), according to market sources.
The roadshow wraps up on Tuesday.
Deutsche Bank Securities, Inc., Macquarie Capital, UBS Investment Bank, Barclays and Credit Suisse Securities (USA) LLC are the underwriters.
Proceeds will be used to help fund the purchase of Veolia ES Solid Waste Inc. from Veolia Environmental Services North America Corp. in a transaction valued at about $1.9 billion.
At close, Star Atlantic Waste Holdings LP, a Highstar Capital portfolio company, will combine its existing investments in Advanced Disposal Services Inc. and Interstate Waste Services Inc. with the acquired Veolia operations.
The combined business will operate as Advanced Disposal Services and will have annual revenues of about $1.4 billion.
Closing is expected this fall, subject to customary regulatory approvals.
ADS Waste is a Jacksonville, Fla.-based provider of integrated, non-hazardous solid waste collection, transfer, recycling and disposal services.
© 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.