ADS Waste to launch $1.78 billion term loan repricing on Friday

By Sara Rosenberg

New York, Jan. 30 - ADS Waste Holdings Inc. is set to hold a call at 11 a.m. ET on Friday to launch a repricing of $1,782,000,000 covenant-light term loan due October 2019, according to a market source.

Deutsche Bank Securities Inc. is the lead bank on the deal.

The repricing is talked at Libor plus 275 basis points with a 0.75% Libor floor, versus current pricing of Libor plus 300 bps with a 1.25% Libor floor, the source said.

The repriced loan will have 101 soft call protection for six months.

ADS Waste is a Jacksonville, Fla.-based provider of integrated, non-hazardous solid waste collection, transfer, recycling and disposal services.

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