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Allied Waste to draw on revolver for bond redemption
By Sara Rosenberg
New York, Aug. 13 - Allied Waste Industries Inc. plans to temporarily draw on its revolving credit facility to help fund the redemption of $250 million of 9¼% senior notes due 2012, according to a company news release.
Other financing for the redemption will come from available cash.
The redemption is expected to take place on Sept. 9.
Allied Waste is a Phoenix, Ariz.-based non-hazardous solid waste services company.
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