Waste Services Refinances Credit Facilities

(financialwire.net via COMTEX) -- WSII | Quote | Chart | News | PowerRating -- October 9, 2008 (FinancialWire) -- Waste Services, Inc. (NASDAQ: WSII | Quote | Chart | News | PowerRating) (Current Market Cap: US$311.00 Mil.) said that it has completed the refinancing of its term loan and revolving credit facilities with a new dual-currency credit facility totaling around $300 million.

The new facility consists of a $39.9 million term loan, a CD$132.1 million term loan and $139.6 million in a dual-currency revolving credit line. The term loans and revolver mature in 2013 and bear interest at LIBOR plus 3.5% on U.S. borrowings and a comparable rate on Canadian borrowings.

Waste Services said that the facility has been provided by a consortium of nine commercial banks with Barclays Capital and Banc of America Securities serving as joint lead arrangers and joint lead bookrunners.

Canada-based Waste Services is a solid waste services company that provides collection, transfer, disposal and recycling services in the United States and Canada.

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