Meridian Waste Solutions has secured a $55 million credit facility from Goldman Sachs Specialty Lending Group, with $40 million of such amount funded at closing.
The financing is comprised of a term loan, a revolving credit facility, as well as a delayed draw term loan and was led by Goldman Sachs Specialty Lending Group. Attorney Rick Dreger and Lucosky Brookman served as legal advisors while GSS Capital, the investment banking arm of Garden State Securities served as exclusive placement agent in the transaction.
With financing in hand, the Milton, GA-based company closed on two strategic acquisitions, Christian Disposal and Eagle Ridge Landfill.
The financing and the acquisitions allow the company to become a fully integrated waste management operation with major hauling assets, transfer stations and a Municipal Solid Waste landfill in the St. Louis, MO marketplace.
Christian Disposal is a Missouri-based integrated solid waste service companies that provides solid waste collection, transfer, disposal and recycling services.
Bowling Green, MS-based Eagle Ridge Landfill owns assets related to hauling operations and a municipal solid waste landfill.