September 22, 2009, 2009 (FinancialWire) -- Waste Services, Inc. (NASDAQ: WSII | Quote | Chart | News | PowerRating) said it has closed a private placement of $50 million of 9.5% senior subordinated notes due 2014.
The terms of the notes are identical to the terms of a $160 million offering of 9-1/2% senior subordinated notes previously issued, according to the company. Proceeds from the note issuance have been used to repay revolving credit facilities, resulting in around $100 million in available borrowing capacity to be used for acquisitions or general corporate purposes.
Delaware-based Waste Services is a multi-regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services in the United States and Canada.
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