| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Advanced Disposal Services Inc. > News item |
Advanced Disposal tenders for any and all of its 8¼% notes due 2020
By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – Advanced Disposal Services Inc. began a cash tender offer for any and all of its 8¼% senior notes due 2020, according to a press release.
The company is offering a total consideration of $1,045 per $1,000 principal amount for notes tendered by the early deadline, 5 p.m. ET on Nov. 8.
The total consideration includes a $20 early tender premium, which will not be paid to holders tendering after the early deadline.
The offer expires at midnight ET on Nov. 23.
Validly tendered notes may be withdrawn any time prior to the early deadline.
The offer is subject to the satisfaction or waiver of some conditions.
Early settlement is expected to occur on Nov. 10.
Deutsche Bank Securities Inc. (212 250-7527 or 855 287-1922) is the dealer manager. D.F. King & Co., Inc. (800 628-8538) is the tender agent and information agent.
The company announced in a separate Wednesday press release that it intends to offer $425 million of eight-year senior notes via Rule 144A and Regulation S and that it would use proceeds of the offering, together with borrowings under its new credit facilities, to pay off its existing credit agreement and to finance the tender offer, as well as for general corporate purposes.
Advanced Disposal is a Ponte Vedra, Fla.-based provider of non-hazardous solid waste 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.