Date: November 29, 2001
Source: News Room
Allied Waste Industries, Inc. (Scottsdale, AZ) announced that it has completed a private placement of $750 million in 8.5% senior notes due in 2008. The $750 million represents an increase from the firm¹s original offering of $500 million in notes. "We are pleased that the debt markets confirmed their support for Allied Waste through the favorable response to our bond offering,'" said Thomas W. Ryan, Allied Waste¹s executive Vice President and CFO. "The ability to upsize the transaction by 50% at an attractive long term rate contributes to our objective of optimizing the amount of bank debt in our capital structure," he added.
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