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Published on 10/1/2004 in the Prospect News High Yield Daily.

Allied Waste calls $75 million of 10% notes

Pittsburgh, Oct. 1 - Allied Waste Industries Inc. will redeem $75 million of wholly owned subsidiary Allied Waste North America Inc.'s outstanding 10% senior subordinated notes due 2009 for $78.75 million plus accrued interest, according to a company news release.

The redemption date is Nov. 5.

Allied will fund the redemption through an on-balance sheet accounts receivable securitization.

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


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