Waste Italia talks €200 million five-year secured notes with 10½% coupon at 94.5

By Paul A. Harris

Portland, Ore., Nov. 12 – Waste Italia SpA talked its €200 million offering of five-year senior secured notes (B2) with a 10½% coupon at 94.5, according to a market source.

Books close at 3 p.m. ET on Thursday, and the deal is set to price thereafter.

Jefferies has the books for the Rule 144A and Regulation S for life deal.

The notes come with three years of call protection.

Proceeds will be used to repay debt, to fund acquisitions and for general corporate purposes.

Waste Italia is a Milan-based vertically integrated provider of waste management services in northern Italy.

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