Date: September 14, 2009
Source: Republic Services, Inc.
The Company also announced today that the Offerors have amended the Tender Offer so that the Offerors are now offering to purchase the maximum aggregate principal amount of outstanding Notes that they can purchase for a total of
On
According to
Principal Amount Percent of
Tendered as of Outstanding
Outstanding the Early Principal
Principal Participation Amount
Series of Notes CUSIP No. Amount Date Tendered
6.500% Senior
Notes due 2010 01958XBA4 $346,530,000 $160,903,000 46.43%
5.750% Senior
Notes due 2011 01958XBD8 $396,540,000 $224,588,000 56.64%
6.375% Senior
Notes due 2011 01958XBK2 $270,000,000 $75,813,000 28.08%
6.750% Senior
Notes due 2011 760759AC4 $450,000,000 $119,466,000 26.55%
Holders who validly tendered and did not withdraw their Notes on or prior to the Early Participation Date, and whose Notes are purchased pursuant to the Tender Offer, will be entitled to receive an "Early Participation Amount" of
Previously tendered Notes cannot be withdrawn after the Withdrawal Date, which was
Pursuant to the Offer Documents, holders of Notes may tender their Notes until the Expiration Date and still be entitled to receive the Tender Offer Consideration as determined pursuant to the Tender Offer if the Offerors purchase such Notes pursuant to the Tender Offer. However, any such tender that occurs after the Early Participation Date will not be entitled to the Early Participation Amount.
This announcement is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase any Notes. The Tender Offer is being made solely pursuant to the Offer Documents, as amended by this press release.
Closing of the tender offer is subject to the conditions described in the Offer Documents, including market and other factors.
Additional Information
The Offerors have retained BofA Merrill Lynch to act as the lead dealer manager and
Questions regarding the Tender Offer: Requests for documentation:
BofA Merrill Lynch Debt Global Bondholder Services
Advisory Services Corporation
(888) 292-0070 (toll-free) (866) 736-2200 (toll-free)
(646) 855-3401 (collect) (212) 430-3774 (collect)
The Tender Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offer to be made by a licensed broker or dealer, the Tender Offer will be deemed to be made on behalf of the Offerors by the dealer managers, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About
INFORMATION REGARDING FORWARD LOOKING STATEMENTS
The disclosures herein include "forward looking statements" within the meaning of the federal securities law concerning Republic's proposed Tender Offer. The terms of, and Republic's ability to complete, such transaction will depend upon prevailing market conditions and other factors. The forward-looking statements are subject to these and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
For more information, contact:
Will Flower
480-718-6565, or
Investors, Ed Lang
480-627-7128, both of Republic Services, Inc.
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