Republic Services, Inc. Announces Redemption of 7.875% Senior Notes Due 2013

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Thu Oct 29, 2009 6:00am EDT 

PHOENIX, Oct. 29 /PRNewswire-FirstCall/ -- Republic Services, Inc. (NYSE: RSG)
announced today that it has notified the registered holders of its 7.875%
Senior Notes due 2013 (the "Notes") that it will redeem all of the Notes
outstanding on November 30, 2009 (the "Redemption Date"). The Notes will be
redeemed at a price equal to 102.625% of the principal amount of the Notes,
plus accrued and unpaid interest up to, but not including, the Redemption
Date. Payment of the redemption price will be made by U.S. Bank National
Association, the trustee under the indenture governing the Notes, on the
Redemption Date upon presentation and surrender of the Notes as set forth in
the redemption notice. The company intends to use cash on hand and, if
necessary, incremental borrowings under its revolving credit facility to fund
the redemption. The company may also explore capital markets opportunities to
fund the redemption if market conditions are favorable. The company expects to
incur a charge upon extinguishment of the Notes of approximately $35 million.
This charge will be reflected in its fourth quarter 2009 financial results.

ABOUT REPUBLIC SERVICES

Republic Services, Inc. is a leading provider of services in the domestic,
non-hazardous solid waste industry. The Company provides non-hazardous solid
waste collection services for commercial, industrial, municipal, and
residential customers through 380 collection companies in 40 states. It also
owns or operates 239 transfer stations, 199 solid waste landfills and 79
recycling facilities. Republic serves millions of residential customers under
contracts with more than 3,000 municipalities for waste collection and
residential services.  It also serves commercial customers throughout its
expansive service area.  For more information, visit the Republic Services web
site at www.republicservices.com



SOURCE  Republic Services, Inc.

media, Will Flower, +1-480-718-6565; or investors, Ed Lang, +1-480-627-7128,
both for Republic Services, Inc.
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