Waste Services to raise $50 million through private offering

Posted on: Thu, 17 Sep 2009 15:08:00 EDT


Symbols: WSII
Sep 17, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
WSII | Quote | Chart | News | PowerRating -- Waste Services, Inc., a US-based solid waste services company, intends to offer $50 million aggregate principal amount of its 9 1/2% senior subordinated notes due 2014 in a private offering to qualified institutional buyers.

Deal Value (US$ Million) 50
Deal Type Private Placement
Sub-Category None
Deal Status Announced: 2009-09-16

Deal Participants

Target (Company)   Waste Services, Inc.
Acquirer (Company) Undisclosed Investors

Deal Rationale

Waste Services intends to use the net proceeds of the offering for general corporate purposes, including repayment of outstanding borrowings under its revolving credit facility and potential acquisitions.

For full details on Waste Services Inc (WSII) WSII. Waste Services Inc (WSII) has Short Term PowerRatings at TradingMarkets. Details on Waste Services Inc (WSII) Short Term PowerRatings is available at This Link.

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