WCA Waste Corporation Announces Final Results of Its Tender Offer and Consent Solicitation
23 Mars 2012 - 1:45PM
WCA Waste Corporation (Nasdaq:WCAA) ("WCA") today announced the
expiration and final results of the previously announced tender
offer relating to any and all of its outstanding 7½% Senior Notes
due 2019 (the "Notes") pursuant to its Offer to Purchase and
Consent Solicitation Statement dated February 6, 2012.
On March 23, 2012, WCA accepted all Notes validly tendered and
not withdrawn as of 5:00 p.m. New York City time, on March 22, 2012
(the "Expiration Date"). Upon acceptance of the tendered Notes, the
previously executed supplemental indenture and amendment to the
registration rights agreement related to the Notes became
effective. As of the Expiration Date, holders of $171,950,000
principal amount or approximately 98.26% of the
outstanding aggregate principal amount of the Notes had validly
tendered and not validly withdrawn their
Notes.
Holders of the Notes who validly tendered their Notes on or
prior to 5:00 p.m. New York City Time on February 17, 2012 (the
"Consent Time") will receive consideration equal to $1,012.50 per
$1,000 principal amount of the Notes tendered, plus any accrued and
unpaid interest on the Notes up to, but not including, the
settlement date of March 23, 2012. Holders of the Notes who
validly tendered their Notes after the Consent Time but on or prior
to the Expiration Date will receive consideration equal to $1,000
per $1,000 principal amount of the Notes tendered, plus any accrued
and unpaid interest on the Notes up to, but not including, the
settlement date of March 23, 2012.
This press release does not constitute an offer to sell or
purchase, or a solicitation of an offer to sell or purchase, or the
solicitation of tenders or consents with respect to, any security.
No offer, solicitation, purchase or sale will be made in any
jurisdiction in which such an offer, solicitation or sale would be
unlawful. The tender offer will only be made pursuant to the terms
of the Offer to Purchase and Consent Solicitation Statement and the
related Letter of Transmittal and Consent.
Holders may obtain copies of the Offer to Purchase and Consent
Solicitation Statement and the related Letter of Transmittal and
Consent from the Information Agent and Depositary for the tender
offer, Global Bondholder Services Corporation, at (212) 430-3774
(collect, for banks and brokers only) and (866) 804-2200 (toll
free).
Credit Suisse Securities (USA) LLC was the Dealer Manager
for the tender offer and Solicitation Agent for the consent
solicitation. Questions regarding the tender offer and consent
solicitation may be directed to Credit Suisse Securities (USA) LLC
at (800) 820-1653 (toll free) and (212) 538-2147 (collect).
None of WCA, the Dealer Manager and Solicitation Agent, the
Information Agent, the Depositary, the trustee with respect to the
Notes or any other person makes any recommendation as to whether
holders of Notes should tender their Notes or provide the related
consents, and no one has been authorized to make such a
recommendation.
About WCA
WCA Waste Corporation is an integrated company engaged
in the collection, transportation, processing and disposal of
non-hazardous solid waste. WCA's operations currently consist
of 22 landfills, 24 transfer stations/material recovery facilities
and 25 collection operations located throughout Alabama, Arkansas,
Colorado, Florida, Kansas, Massachusetts, Missouri, New
Mexico, Ohio, Oklahoma, Tennessee and Texas.
The WCA Waste Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1736
CONTACT: Media and Investor Relations Contact:
Michael Roy
General Counsel
Phone: (713) 292-2400
Wca Waste Corp. (MM) (NASDAQ:WCAA)
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