Advanced Disposal considers refinancing its 8¼% senior notes due 2020

By Wendy Van Sickle

Columbus, Ohio, Oct. 20 – Advanced Disposal Services, Inc. is considering refinancing its 8¼% senior notes due 2020 and fully repaying its existing senior secured term loan B facility and revolving credit facility with proceeds of a $1.8 billion new senior secured credit facility and an offering of $425 million of senior unsecured notes, according to a press release.

The company said it has invited prospective lenders to a Friday meeting to discuss the potential refinancing.

The timing, size and terms of the potential refinancing are subject to market and other conditions.

Advanced Disposal is a Ponte Vedra, Fla.-based provider of integrated, non-hazardous solid waste collection, transfer, recycling and disposal services.

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