Republic Services calls its 6.125% senior notes due 2014 at 102.042

By Susanna Moon

Chicago, Feb. 5 - Republic Services, Inc. said it notified holders of its 6.125% senior notes due 2014 that it will redeem all of the notes outstanding on March 8.

The company will pay 102.042% of par plus accrued interest up to the redemption date.

U.S. Bank NA is the trustee.

Funding for the redemption will come from incremental borrowings under its revolving credit facility and cash on hand.

Republic Services said it may also explore capital markets opportunities to fund the redemption if market conditions are favorable.

The company said it expects to incur a charge of about $52 million upon the extinguishment of the notes.

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

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