Date: December 6, 2006
Source: Waste Services, Inc.
Waste Services, Inc. (Nasdaq: WSII) today announced its intention to increase the term loans under its existing Senior Secured Credit Facility by $100 million, as well as obtain lender consents for certain other modifications to the credit agreement. Net proceeds from the proposed term loans will be used to fund the previously announced acquisitions of Pro Disposal and the SLD Landfill in Florida, as well as to repay outstanding borrowings under the company's revolving credit facility.
Waste Services, Inc., a Delaware corporation, is a multi-regional integrated solid waste services company that provides collection, transfer, disposal and recycling services in the United States and Canada. The company's web site is www.wasteservicesinc.com. Information on the company's web site does not form part of this press release.
For more information, contact:
Ivan R. Cairns
Executive Vice President and General Counsel
Waste Services, Inc.
(905) 319-1237
www.wasteservicesinc.com.
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