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REPUBLIC WASTE ACQUIRES LANDFILL AND COLLECTION COMPANY; ARRANGES FOR A $25-35 MILLION LINE OF CREDIT; SIGNS 10 YEAR HAZARDOUS WASTE CONTRACT

 ATLANTA, Oct. 5 /PRNewswire/ -- Republic Waste Industries, Inc. (NASDAQ: RWIN; TSE) today announced that it has completed, for cash, the acquisition of a 56-acre solid waste landfill site and collection operation southwest of Fort Wayne, Ind.
 The Solid Waste Landfill site has remaining permitted disposal capacity of approximately 1.5 million in-place cubic yards and has an application pending to add an additional 2.5 million cubic yards. This acquisition will add at least $4.5 million to the company's annualized revenue.
 Also Republic recently obtained a $25 million line of credit from a U.S. commercial bank and has an agreement in principle with another commercial bank to increase that line of credit by $10 million. These credit lines will substantially augment the company's acquisition program in the solid waste services sector.
 Republic also recently signed a 10-year incineration disposal agreement with the Waste Technologies Industries hazardous waste incinerator in East Liverpool, Ohio at favorable incineration disposal rates. This agreement will ensure Republic significant long-term incineration capacity for its TSD operations. The agreement also provides the company with marketing rights for a certain amount of the capacity of the W.T.I. incinerator which will allow Republic to realize new marketing opportunities for its hazardous waste operations.
 Republic Waste Industries is an emerging waste service company serving the needs of a broad range of solid and hazardous waste generators in the North American environmental services industry.
 -0- 10/5/93
 /CONTACT: Courtland D. Peddy of Republic Waste Industries, 404-431-7140/
 (RWIN)


CO: Republic Waste Industries, Inc. ST: Georgia, Indiana, Ohio IN: SU: TNM

RA-BR -- AT006 -- 8790 10/05/93 10:30 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:272
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