Wednesday, Republic Services Inc. (RSG) priced a private offering of $600 million of 5.25% senior notes due November 15, 2021. The company intend to use the net proceeds of the offering to finance its call of 7.875% Senior Notes due 2013, of which $450 million is outstanding, and a portion of call of 4.250% Senior Subordinated Convertible Debentures due 2034, of which $230 million is outstanding. The offering is subject to market and other conditions and is expected to close on November 25, 2009.
The company noted that the notes will be its general senior unsecured obligations and will mature on November 15, 2021 with interest payable semi-annually on May 15 and November 15, beginning May 15, 2010. The notes will be guaranteed by each of its subsidiaries that also guarantee our revolving credit facility. These guarantees will be general senior unsecured obligations of the subsidiary guarantors.
Republic Services Inc. provides nonhazardous solid waste collection and disposal services in the United States. The company primarily engages in residential collection operations that include curbside collection of refuse from small containers into collection vehicles for transport to transfer stations or directly to landfills.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.