Global law firm Greenberg Traurig advised Waste Pro USA in connection with its $850 million private offering of 7.000% senior unsecured notes due 2033.
Waste Pro intends to use the net proceeds from the offering to redeem its existing 5.500% senior notes due 2026 in full, repay the outstanding balances under its revolving credit facility and certain equipment loans and for general corporate purposes, according to the company’s press release.
“Greenberg Traurig is proud to assist our long-time client in completing this financing that will play an important role in helping to facilitate the continued growth of this privately-owned, family-run company,” Theodore I. Blum, managing shareholder of the firm’s Atlanta office and co-chair of the Atlanta corporate practice, who has represented Waste Pro for more than 15 years, said.
Blum and Drew M. Altman, co-chair of the Miami corporate practice, led the transaction with assistance from Miami corporate shareholder Win Rutherfurd and Miami corporate associates Cesar Fischer and Ashelin Myus.
Additional team members included co-chair of the Miami Tax Practice L. Frank Cordero, Dallas financial regulatory and compliance shareholder Jera L. Bradshaw, Chicago real estate shareholder Sean W. Bezark, Atlanta real estate shareholder Theresa S. Clark, Miami corporate shareholder Geiza Vargas-Vargas, Boston banking and financial services shareholder Jeffrey M. Wolf, Orlando public finance and infrastructure of counsel Ashton M. Bligh, Houston real estate associate Kristen E. Bollinger, Boston banking and financial services associate Christine Chen and Washington, D.C., tax associate Maria Walker.
