Waste Connections says $123.6 million 5½% convertibles converted ahead of call

New York, April 14 - Waste Connections, Inc. said $123.648 million principal amount of its 5½% convertible subordinated notes due 2006 were exchanged for stock ahead of the redemption of the securities.

The Folsom, Calif. solid waste services company issued 3.25 million shares of stock at a price of $38.03 per share.

The remaining $26.532 million of the notes will be redeemed at a price of $1,022.00 per $1,000 principal amount.

All holders will also receive $27.50 per $1,000 of accrued interest.

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