PONTE VEDRA, Fla., Oct. 20, 2016 /PRNewswire/ -- Advanced Disposal Services, Inc. ("Advanced Disposal" or the "Company") (NYSE: ADSW) today announced that it has invited certain prospective lenders to a meeting scheduled for October 21, 2016, for purposes of considering a potential debt refinancing, consisting of a $1.8 billion new senior secured credit facility and an offering of $425 million in senior unsecured notes (the "Potential Refinancing"). The intended use of the proceeds of the Potential Refinancing, if effected, would be for, among other purposes, the repayment in full of the Company's existing senior secured term loan B facility and revolving credit facility and refinancing of the Company's 8¼% Senior Notes due 2020, and related fees and expenses. The timing, size and terms of the Potential Refinancing and the use of proceeds thereof are subject to market and other conditions, and the Company makes no assurance that such actions will take place at any specific time, or at all.
This press release contains a number of forward-looking statements. Words, and variations of words such as "believe," "expect," "plan," "continue," "will," "should," and similar expressions are intended to identify our forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control, and important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, risks related to the capital markets. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.
About Advanced Disposal
Advanced Disposal (NYSE: ADSW) brings fresh ideas and solutions to the business of a clean environment. As the fourth largest solid waste company in the U.S., we provide integrated, non-hazardous solid waste collection, recycling and disposal services to residential, commercial, industrial and construction customers across 16 states and the Bahamas. Our team is dedicated to finding effective, sustainable solutions to preserve the environment for future generations. We welcome you to learn more at AdvancedDisposal.com or follow us on Facebook.
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SOURCE Advanced Disposal Services, Inc.