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Advanced Disposal announces plans to sell $425 million senior notes
By Paul A. Harris
Portland, Ore., Oct. 20 – Advanced Disposal Services, Inc. announced in a Thursday press release that it is contemplating issuing $425 million of senior notes.
In addition the company is putting in place a new $1.8 billion senior secured credit facility that launches with a lender call set for Friday. Deutsche Bank Securities Inc. is the left bookrunner for the credit facility.
The Ponte Vedra, Fla.-based solid waste company plans to use the proceeds from the debt offerings to repay its term loan B and revolver and to refinance its 8¼% senior notes due 2020, among other purposes.
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