Covanta uses liquidity under revolver to fund Delaware Valley purchase

By Tali David

Minneapolis, Dec. 5 - Covanta Holding Corp. used available liquidity under its revolving credit facility and cash on hand to fund its purchase of the Delaware Valley Resource Recovery Facility located in Chester, Pa., from GE Energy Financial Services, according to a filing with the Securities and Exchange Commission.

The company purchased the facility for $94 million.

Covanta is a Fairfield, N.J., renewable energy and waste disposal company.

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