Advanced Disposal Finalizes Amendment to Senior Secured Credit Facility Resulting in 0.5% Reduction in Term Loan Debt
Ponte Vedra, Fla.
PONTE VEDRA, Fla. (November 15, 2017) – Advanced Disposal Services, Inc. (the “Company”) (NYSE: ADSW) announced today the finalization of the amendment (the “Amendment”) to its senior secured credit facilities (the "Senior Secured Credit Facilities").
The Amendment will reduce the Company’s applicable margin on its Term Loans by 0.50% per annum, which at current debt levels would result in over $7 million of annual cash interest savings.
The Amendment is expected to close on or about November 21, 2017, subject to the satisfaction of various customary closing conditions.
This press release contains “forward-looking” statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements, including but not limited to the cautionary warnings and risk factors included in the most recently filed Form 10-K and Form 10-Qs with the SEC.