WCA Waste seeks $100 million add-on term loan, repricing

By Sara Rosenberg

New York, March 29 – WCA Waste Corp. is in market with a fungible $100 million add-on term loan (B+) and a repricing of its existing term loan (B+) that is talked at Libor plus 250 basis points with no Libor floor, according to a market source.

Original issue discount talk on the add-on loan is 99.75 and the repricing is offered at par, the source said.

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

Commitments are due on April 11, the source added.

Proceeds from the add-on loan will be used to pay down revolving credit facility borrowings and add cash to the balance sheet, and the repricing will take the existing term loan down from Libor plus 275 bps with no Libor floor.

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

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