BURLINGTON, Ontario, Oct. 7 /CNW/ -- Waste Services, Inc. (Nasdaq: WSII)
today announced that it has successfully completed the consent solicitation
relating to its 9.5% Senior Subordinated Notes due 2014. The consent
solicitation expired at 5:00 p.m. New York City time on October 6, 2008.
The Company has been advised by D.F. King & Co., Inc., the tabulation and
information agent, that, as of the expiration time, consents were delivered
and not revoked for 100% of the outstanding notes.
The Company and Wells Fargo Bank, National Association, trustee under the
indenture governing the notes, have executed a supplemental indenture
implementing the proposed amendments. The amendments will enable the Company's
Canadian subsidiaries, upon becoming guarantors of the notes, to incur
indebtedness to the same extent as other guarantors of the notes.
Barclays Capital Inc. acted as the solicitation agent for the consent
solicitation. D.F. King & Co., Inc. acted as the tabulation and information
About Waste Services, Inc.
Waste Services, Inc., a Delaware corporation, is a multi-regional,
integrated solid waste services company that provides collection, transfer,
disposal and recycling services in the United States and Canada. Waste
Services' operating strategy is disposal based, whereby the Company enters
geographic markets with attractive growth or positive competitive
characteristics by acquiring and developing landfill disposal capacity, then
acquiring and developing waste collection and transfer operations. For more
information about Waste Services, Inc., visit the company's website:
www.wasteservicesinc.com. Information on the company's website does not form
part of this press release.
For further information:
For further information: Edwin D. Johnson, Executive Vice President and
Chief Financial Officer, Waste Services, Inc., +1-561-237-3400, or J. Todd
Atenhan, Investor Relations, 888-917-5105 Web Site: