Allied Waste Announces Completion of Senior Secured Term Loan Refinancing

Date: April 13, 2006

Source: PR Newswire

Allied Waste Industries, Inc. (NYSE: AW) today announced that it has completed the refinancing of the term loan portions of its senior secured credit facility. The Company's $1.275 billion Term Loan and $495 million Institutional Letter of Credit Facilities, which funded April 12, 2006, were re-priced at LIBOR plus 175 basis points; a reduction of 25 basis points. Additionally, pricing will step down to LIBOR plus 150 basis points when the Company's leverage ratio is equal to or less than 4.25x.

"The interest rate reduction on over $1.7 billion of term loan facilities will generate annual interest savings of more than $4 million," said Pete Hathaway, Executive Vice President and CFO of Allied Waste. "We continue to opportunistically manage our capital structure and we appreciate the support we've received from the financial institutions."

Allied Waste Industries, Inc., a leading waste services company, provides collection, recycling and disposal services to residential, commercial and industrial customers in the United States. As of December 31, 2005, the Company operated a network of 310 collection companies, 166 transfer stations, 169 active landfills and 57 recycling facilities in 37 states and Puerto Rico.

For more information contact: Michael Burnett, Senior Vice President, Treasurer of Allied Waste Industries, Inc., 480.627.2785, www.alliedwaste.com.

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