Waste Services to raise $50 million through private offering
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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.
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