Waste Services, Inc. Announces $300 Million Refinancing



    BURLINGTON, Ontario, Oct. 8 /CNW/ -- Waste Services, Inc. (Nasdaq:   WSII),
a multi-regional, integrated solid waste services company, announced today
that it has completed the refinancing of its term loan and revolving credit
facilities with a new dual-currency credit facility totaling approximately
US$300 million.  The new credit facility consists of a US$39.9 million term
loan, a CD$132.1 million term loan and US$139.6 million in a dual-currency
revolving credit line.  The term loans and revolver mature in 2013 and bear
interest at LIBOR plus 3.5% on U.S. borrowings and a comparable rate on
Canadian borrowings.  The facility has been provided by a consortium of nine
commercial banks with Barclays Capital and Banc of America Securities LLC
serving as Joint Lead Arrangers and Joint Lead Bookrunners.
    Waste Services' President and Chief Executive Officer, David
Sutherland-Yoest, applauded the new facility.  "Barclays Capital and Bank of
America have done an outstanding job during a turbulent period in the capital
markets to provide us with an attractive new credit facility.  The success of
this offering speaks volumes about the relatively low risk nature of our
assets and the recession resistant nature of the waste industry in general."
    Waste Services' Chief Financial Officer, Ed Johnson, commented that the
new credit facility will almost immediately generate several significant
benefits for the Company.  "This new facility replaces our old revolving
credit line which was approaching maturity in April 2009.  It also has allowed
us to put a substantial portion of our debt into Canada, helping us offset our
Canadian profits where we are a cash tax payer.  In addition, the new
agreement is structured with a smaller term loan portion and a larger
revolving portion, enabling us to use our cash more efficiently by giving us
the flexibility to pay down debt with our excess cash without compromising our
liquidity.  In summary, this new facility improves our financing structure,
significantly extends our debt maturities and provides us with usable dry
powder for the opportunities that we expect will present themselves."
    
    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.
    
    Safe Harbor for Forward-Looking Statements
    
    Certain matters discussed in this press release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. These statements
describe the company's future plans, objectives and goals. These
forward-looking statements involve risks and uncertainties which could cause
actual results to differ materially from the plans, objectives and goals set
forth in this press release. Factors which could materially affect such
forward-looking statements can be found in the company's periodic reports
filed with the Securities and Exchange Commission, including risk factors
detailed in the company's Form 10-K for the year ended December 31, 2007.
Shareholders, potential investors and other readers are urged to consider
these factors carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking statements.
    The forward-looking statements made in this press release are only made
as of the date hereof and Waste Services undertakes no obligation to publicly
update such forward-looking statements to reflect subsequent events or
circumstances.




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, +1-888-917-5105 Web Site:
http://www.wasteservicesinc.com

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WASTE SERVICES, INC.

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