Capital Completes New Financing Agreement For Acquisitions

Date: April 27, 2004

Source: News Room

Capital Environmental Resource Inc. (Nasdaq: CERI) has completed approximately $374 million in financing, including a new credit facility, a senior subordinated note offering, and a private placement of common stock. Proceeds of the financing will be used to repay Capital's existing senior credit facility, complete the acquisition of Florida Recycling Services, and finance the acquisition of assets of Allied Waste in northern and central Florida.
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