Allied Waste closes on Revenue
Bonds
Allied Waste Industries, Inc. announced that its
wholly-owned subsidiary, Allied Waste North America, Inc., successfully completed
the concurrent offerings of $30 million in principal amount of Indiana Finance
Authority Solid Waste Revenue Variable Rate Demand Bonds (Allied Waste North
America, Inc. Project) Series 2007A due in 2017 and $10 million in principal
amount of The Industrial Development Authority of the County of Yavapai Solid
Waste Revenue Variable Rate Demand Bonds (Allied Waste North America, Inc.
Project) Series 2007A due in 2017.
Both offerings are backed by a letter of credit as credit
enhancement for the bonds. The initial all-in cost to Allied is approximately
4.85%. |
