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ALLIED WASTE INDUSTRIES COMPLETES FINANCING

 HOUSTON, March 17 /PRNewswire/ -- Allied Waste Industries, Inc. (NASDAQ: AWIN) announced today that it completed a private placement of $12.5 million face amount of convertible subordinated notes.
 Oakes, Fitzwilliams & Co. Limited of London acted as placement agent for the placement of the notes with institutional investors in England and Scotland. The notes bear interest at 6 percent, are convertible into Allied commmon stock at $6.625 per share (150.943 shares per $1,000 note), mature 10 years from date of issue and were sold at a 20 percent original issue discount. The company will utilize the proceeds from the offering to retire debt, provide working capital and continue the company's acquisition program.
 Roger A. Ramsey, Allied's chairman and CEO, stated, "I appreciate the vote of confidence in Allied's present and future prospects shown by well-known members of the international financial community."
 Allied Waste Industries, Inc., headquartered in Houston, is a solid waste management company providing non-hazardous waste collection, recycling and disposal services in the Midwest and Southwest.
 -0- 3/17/93
 /CONTACT: David M. K. Ruth of Allied Waste Industries, Inc., 713-664-1888/
 (AWIN)


CO: Allied Waste Industries, Inc. ST: Texas IN: SU: FNC

WB -- NY059 -- 7058 03/17/93 12:47 EST
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Publication:PR Newswire
Date:Mar 17, 1993
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