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ADS Waste Holdings launches $1.78 billion term loan repricing at par
By Sara Rosenberg
New York, Jan. 31 - ADS Waste Holdings Inc. launched the repricing of its $1,782,000,000 covenant-light term loan due October 2019 with a par offer price, according to an 8-K filed with the Securities and Exchange Commission on Friday.
As previously reported, 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 repriced loan will have 101 soft call protection for six months.
Deutsche Bank Securities Inc. is the lead bank on the deal.
Commitments are due by noon ET on Thursday.
ADS Waste is a Jacksonville, Fla.-based provider of integrated, non-hazardous solid waste collection, transfer, recycling and disposal services.
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