Allied Waste seeking amendment to allow for additional senior and unsecured debt

By Sara Rosenberg

New York, March 22 - Allied Waste International Inc. is looking to amend its credit facility to allow for the issuance of up to $1.1 billion of debt, of which up to $500 million may consist of senior secured debt and the remainder will be senior unsecured debt.

The new debt would be used to fund the cash tender offer for Allied Waste North America Inc.'s $1 billion 10% senior subordinated notes due 2009, according to a company news release.

Allied Waste is a Scottsdale, Ariz. waste services company.

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