Republic Services calls 7 7/8% notes with proceeds from notes due 2021

By Susanna Moon

Chicago, Nov. 18 - Republic Services, Inc. said it will call its $450 million outstanding 7 7/8% senior notes due 2013 using proceeds from a private offering of senior notes due 2021.

The private offering will also help finance the redemption of the company's $230 million outstanding 4.25% senior subordinated convertible debentures due 2034.

Republic previously announced that it would redeem all of the outstanding 4.25% convertibles on Dec. 2 at par plus accrued interest.

Republic is a Phoenix-based provider of services in the domestic, non-hazardous solid waste industry.

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