Waste Pro USA wraps $579 million recapitalization with ABL revolver

By Susanna Moon

Chicago, Oct. 15 – Waste Pro USA, Inc. said it completed a $579 million recapitalization consisting of an asset-based loan revolving line of credit led by Wells Fargo Capital Finance, a division of Wells Fargo Bank, NA.

The transaction also completes and fulfills the terms of Waste Pro’s five-year $100 million investment by Atlanta-based Roark Capital Partners, according to a company press release.

“Today we executed a business transaction that creates the platform to launch our next decade of growth,” Waste Pro chairman and chief executive officer John J. Jennings said in the press release.

Waste Pro is a privately owned solid waste services company based in Longwood, Fla.

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