New Issue-Republic Svcs sells $600 mln 12-yr notes

Wed Nov 18, 2009 2:04pm EST 

  Nov 18 (Reuters) - Republic Services Inc (RSG.N) on
Wednesday sold $600 million of notes in the 144a private
placement market, said IFR, a Thomson Reuters service.
  The size of the deal was increased from an initially
planned $450 million.
  Bank of America Merrill Lynch and RBS were the joint
active bookrunning managers for the sale. BNP Paribas and Wells
Fargo Securities were the joint passive bookrunners.
BORROWER: REPUBLIC SERVICES INC
AMT $600 MLN      COUPON 5.25 PCT     MATURITY 11/15/2021
TYPE NOTES        ISS PRICE 99.994    FIRST PAY 5/15/2010
MOODY'S Baa3      YIELD 5.251 PCT     SETTLEMENT 11/25/2009
S&P TRIPLE-B      SPREAD 190 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS    MORE THAN TREAS    MAKE-WHOLE CALL 30 BPS
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