Advanced Disposal Refinances in Anticipation of Acquisitions

Advanced Disposal Services announced that it has refinanced its existing credit to $435 million. The move frees up $100 million in borrowing capacity that the Jacksonville-based company says it may use in pursuit of further acquisitions or for day-to-day operations.

“Advanced Disposal’s continued strong cash flow generation, excellent operating profitability and disciplined expansion of its ‘integrated geographic hub’ operating concept resulted in strong demand for the credit facility,” Advanced Disposal CEO Charlie Appleby said in a press release.

The credit facility involved in the refinance has been used to retire borrowing under Advanced Disposal’s existing $250 million revolving credit facility due January 2014 and a $150 million Term B loan due Jan. 15.