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| Home : Progressive Waste Solutions Ltd. Completes Refinancing of Credit Facility |
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Oct 25
2012 |
Progressive Waste Solutions Ltd. Completes Refinancing of Credit Facility |
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TORONTO, ONTARIO--(Marketwire - Oct. 24, 2012) - Progressive Waste Solutions Ltd. (TSX:BIN)(NYSE:BIN) today announced that it has completed a refinancing of its credit facilities through a new $2.35 billion consolidated facility comprised of a $1.85 billion revolver and a $500 million term loan B. The refinancing simplifies and integrates the Company's capital structure, increasing its total available capacity, and includes an accordion feature to increase the facility size by $750 million in the future, subject to certain conditions. The Company's debt maturity schedule is extended with the new facility, with the revolver maturing in 2017 and term loan B maturing in 2019. |
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| Source:http://www.marketwire.com/mw/release.do?id=1717593&sourceType=3 |
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