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Article: Allied Waste Announces Closing of Common Stock, Preferred Stock And Debt Offerings; - Commences Credit Facility Refinancing -.
- Article from:
- PR Newswire
- Article date:
- April 9, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Allied Waste Industries, Inc. ("Allied Waste") today announced that its recent successful public offering of common stock and Series C senior mandatory convertible preferred stock, together with the successful public debt offering of Allied Waste North America, Inc., a wholly-owned subsidiary of Allied Waste, raised net proceeds of approximately $825 million. Allied Waste intends to use the net proceeds from these financing activities to repay amounts outstanding under its existing bank credit facility as stated in its previously announced financing plan.
Allied Waste sold approximately 12 million shares of common stock at $8.30 per share and 6 million 3-year ...