PHOENIX, June 20, 2016 /PRNewswire/ -- Republic
Services, Inc. ("Republic") (NYSE: RSG) today announced that it has
priced an offering of $500 million
2.900% senior notes due 2026. Republic intends to use the net
proceeds of this offering, together with borrowing under its credit
facilities, to purchase up to $600 million combined
aggregate principal amount of the 6.200% Notes due 2040, 5.700%
Notes due 2041 and 6.086% Notes due 2035, each issued by Republic,
and the 7.400% Debentures due 2035 issued by Republic's subsidiary
Browning-Ferris Industries, LLC, tendered in the tender offers
launched June 6, 2016. The offering
is not conditioned upon the consummation of the tender offers.
The sale of the notes is expected to close on or about
July 5, 2016, subject to customary
closing conditions.
This press release is not an offer to sell or a solicitation of
an offer to buy any security, nor will there be any sale of
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or other
jurisdiction. The Offering is being made solely by means of a
prospectus and a prospectus supplement, copies of which may be
obtained by calling Barclays Capital Inc. toll-free at (888)
603-5847, J.P. Morgan Securities LLC collect at (212) 834-4533 or
Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at
(800) 294-1322.
This press release is not an offer to purchase or a solicitation
of an offer to sell any securities subject to the tender offers,
which may be made only pursuant to the terms of the Offer to
Purchase, dated June 6, 2016, and
the related Letter of Transmittal.
About Republic Services:
Republic Services, Inc. (NYSE: RSG) is an industry leader in
U.S. recycling and non-hazardous solid waste. Through its
subsidiaries, Republic's collection companies, recycling centers,
transfer stations and landfills focus on providing effective
solutions to make proper waste disposal effortless for their
commercial, industrial, municipal, residential and oilfield
customers. We'll handle it from
here.TM, the brand's tagline, lets
customers know they can count on Republic to provide a superior
experience while fostering a sustainable Blue
PlanetTM for future generations to enjoy a cleaner,
safer and healthier world.
Information Regarding Forward Looking Statements:
The disclosures in this press release include "forward looking
statements" within the meaning of the federal securities laws
concerning the proposed offering and tender offers. Republic's
ability to complete such transactions will depend upon prevailing
market conditions and other factors. The forward-looking statements
are subject to these and other risks and uncertainties that could
cause actual results to differ materially from future results
expressed or implied by such forward-looking statements.
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SOURCE Republic Services, Inc.