WCA Waste tightens discount on $300 million term loan B to 99.75

By Sara Rosenberg

New York, Aug. 5 – WCA Waste Corp. revised the original issue discount on its $300 million term loan B to 99.75 from 99.5, according to a market source.

As before, the term loan is priced at Libor plus 300 basis points with a 1% Libor floor and has 101 soft call protection for six months.

The company’s $425 million credit facility (B2/B+) also includes a $125 million revolver.

SunTrust Robinson Humphrey Inc. is the lead on the deal.

Commitments are due on Tuesday, the source added.

Proceeds will be used to refinance existing bank debt.

WCA is a Houston-based vertically integrated non-hazardous solid waste management company.

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