Allied Waste Wraps Up Credit Facility Financing and Funding

Date: March 16, 2005

Source: News Room

Allied Waste Industries, Inc. (NYSE: AW) has completed the refinancing and funding of its credit facility. The new credit facility includes a $1.35 billion term loan, a $1.575 billion revolving credit facility and a $500 million institutional letter of credit facility. The refinancing of the existing credit facility was the final aspect of the multifaceted financing plan announced in February that included the offering of $600 million of 7.25% senior notes, $600 million of mandatory convertible preferred stock and $100 million of common stock.
More information: www.alliedwaste.com.

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