Republic Services To Offer $500 Million Of Senior Notes

(Comment on this article at http://www.financialwire.net/2009/09/01/republic-services-to-offer-500-million-of-senior-notes/)

September 1, 2009 (FinancialWire) -- Republic Services, Inc. (NYSE: RSG) has launched a private offering of $500 million of senior notes due 2019.

The company plans to use the net proceeds of the offering to tender for certain outstanding senior notes maturing in 2010 and 2011 that were issued by the company or one of its subsidiaries, subject to a maximum payment amount of $250 million.

Republic also plans to reduce amounts outstanding under its revolving credit facility and to remit estimated tax payments related to its divestiture of assets in connection with the company's 2008 merger with Allied Waste Industries.

Phoenix-based Republic Services is a provider of solid waste collection, transfer, recycling and disposal services. The company operates 400 collection companies in 40 states and Puerto Rico.

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