Waste Services begins consent solicitation for 9½% notes

By Angela McDaniels

Tacoma, Wash., Sept. 26 - Waste Services, Inc. said it began a consent solicitation for its 9½% senior subordinated notes due 2014 in connection with a proposed refinancing of its senior secured credit facilities.

The consent solicitation will expire at 5 p.m. ET on Oct. 6.

Holders who consent will receive a consent payment equal to 0.75% of par per note, according to a company news release.

Consummation of the consent solicitation is subject to the successful refinancing of the credit facilities and the receipt of consents from holders of at least a majority of the notes.

Holders of roughly 70% of the notes have said they will deliver consents, the release stated.

Barclays Capital Inc. (800 438-3242 or 212 528-7581) is the solicitation agent, and D.F. King & Co., Inc. (800 431-9645 or 212 269-5550) is the tabulation and information agent.

Waste Services is a solid waste management services company based in Burlington, Ont.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.