WCA Waste $300 million term loan B led by SunTrust and MUFG

By Sara Rosenberg

New York, Aug. 10 – WCA Waste Corp.’s $300 million term loan B joint lead arranger list includes MUFG in addition to left lead SunTrust Robinson Humphrey Inc., according to a market source.

As previously reported, the term loan is priced at Libor plus 300 basis points with a 1% Libor floor and was sold at an original issue discount of 99.75, after tightening during syndication from 99.5. The debt includes 101 soft call protection for six months.

In addition to the term loan B, the company’s $425 million credit facility (B2/B+) provides for a $125 million revolver.

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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