WCA Waste talks $150 million eight-year notes at 9¼%-9½%

By Paul A. Harris

St. Louis, June 27 - WCA Waste Corp. talked its $150 million offering of eight-year senior notes (B2/B-) at 9¼% to 9½% on Tuesday, according to a market source.

The offering is expected to price on Wednesday or Thursday.

Credit Suisse has the books for the offering, which has been marketed via Rule 144A with registration rights and via Regulation S.

The notes come with four years of call protection.

Proceeds will be used as part of the company's recapitalization.

WCA Waste is a Houston-based integrated company engaged in the transportation, processing and disposal of non-hazardous solid waste.

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