Tuesday, Republic Services Inc. (RSG) announced the redemption of its 7.375% Senior Notes due 2014 that it will redeem all of the Notes outstanding or originally $4 million, on December 7. The Notes will be redeemed at a price equal to 103.688% of the principal amount of the Notes, plus accrued and unpaid interest up to, but not including, the Redemption Date.
The company noted that the payment of the redemption price will be made by U.S. Bank National Association, the trustee under the indenture governing the Notes, on the Redemption Date upon presentation and surrender of the Notes as set forth in the redemption notice. The company intends to use cash on hand and, if necessary, incremental borrowings under its revolving credit facility to fund the redemption. The company expects to incur a charge upon extinguishment of the Notes of approximately $46 million. This charge will be reflected in its fourth quarter 2009 financial results.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.