Printer Friendly

USA WASTE SERVICES ANNOUNCES $40 MILLION FINANCING

 USA WASTE SERVICES ANNOUNCES $40 MILLION FINANCING
 DALLAS, Sept. 18 /PRNewswire/ -- USA Waste Services, Inc.


(NASDAQ: USAS) announced today the effectiveness of its registration statement covering a public offering of $40 million of 8-1/2 percent convertible subordinated debentures, underwritten by Dillon, Read & Co. Inc. and Sanders Morris Mundy Inc. The debentures will mature Oct. 15, 2002 and are convertible into USA common stock at $13.25 per share. The debentures will trade on NASDAQ under the symbol "USASG".
 The company originally filed a proposed $30 million offering with the Securities and Exchange Commission, but increased the amount as a result of strong market demand. The net proceeds will be used to retire existing company indebtedness and for general corporate purposes.
 Earl E. DeFrates, USA's chief financial officer, stated that the completion of the financing will provide the company with added financial strength and will be important to the company's plans of continuing to grow through acquisitions.
 USA Waste, based in Dallas, is a rapidly growing solid waste management company performing both waste collection and disposal services in multiple locations nationwide.
 -0- 9/18/92
 /CONTACT: Earl E. DeFrates of USA Waste Services, Inc., 214-233-4212/
 (USAS) CO: USA Waste Services, Inc. ST: Texas IN: SU: FNC


AH -- NY039 -- 1093 09/18/92 11:58 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 18, 1992
Words:215
Previous Article:AMWAY DONATES FOOD ITEMS TO INTERNATIONAL AID HURRICANE RELIEF EFFORT
Next Article:OLYMPIC FINANCIAL LTD. ELECTS TWO NEW DIRECTORS
Topics:


Related Articles
USA WASTE SERVICES ENTERS HOUSTON MARKET WITH BUSINESS ACQUISITION
ALLIED WASTE INDUSTRIES, INC. COMPLETES FINANCING
USA WASTE SERVICES APPOINTS JOHN E. DRURY, FORMER PRESIDENT AND CHIEF OPERATING OFFICER OF BROWNING-FERRIS, AS CHIEF EXECUTIVE OFFICER
CHAMBERS EXECUTES, FILES WITH U.S. DISTRICT COURT DEFINITIVE SETTLEMENT AGREEMENTS ON SHAREHOLDER CLASS ACTION LAWSUITS
USA WASTE ANNOUNCES CLOSING OF WESTERN WASTE MERGER AND NEW $750 MILLION BANK CREDIT FACILITY
USA Waste Announces Offerings Of Common Stock And Convertible Subordinated Notes
USA Waste Announces Offerings Of Common Stock And Convertible Subordinated Notes
USA Waste Announces Terms on Public Offerings
DCR Assigns Ratings to USA Waste Services Convertible Subordinated Notes
USA Waste Services, Inc. Announces Sale of $600 Million of Senior Notes

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters