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Waste Connections gets $800 million unsecured revolver
By Sara Rosenberg
New York, Oct. 3 - Waste Connections, Inc. closed on an $800 million five-year unsecured revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission Wednesday.
Bank of America acted as the administrative agent on the deal that was completed on Sept. 27, with Deutsche Bank and JPMorgan as co-syndication agents.
Initial pricing on the revolver is Libor plus 62.5 basis points.
There is a $200 million accordion feature.
Proceeds were used to refinance the company's previous $750 million senior secured revolver.
Waste Connections is a Folsom, Calif.-based solid waste services company.
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