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 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.