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Republic Services markets new notes to fund maturing 3.8% notes
By Cristal Cody
Tupelo, Miss., May 3 – Republic Services, Inc. plans to price new investment-grade notes, according to a 424B2 filed with the Securities and Exchange Commission.
BofA Merrill Lynch, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc., Barclays, Mizuho Securities USA Inc., MUFG, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and SunTrust Robinson Humphrey, Inc. are the bookrunners.
The notes have a change-of-control put at 101%.
Proceeds will be used to repay at maturity the company’s $700 million of 3.8% notes due May 15, 2018 and for general corporate purposes.
Republic Services is a waste collection company based in Phoenix.
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