Allied Waste Will Refinance Up To $1B In Debt

Date: March 17, 2004

Source: News Room

Allied Waste Industries' (NYSE: AW) North American unit will refinance up to $1 billion in debt to take advantage of lower interest rates. The company has begun a tender offer for up to $1 billion in 10 percent senior subordinated notes, due 2009. The company also intends to amend its existing senior credit facility, which will permit Allied to issue up to $1.1 billion in debt.
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