Attached files
file | filename |
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8-K - FORM 8-K - WCA WASTE CORP | h82673e8vk.htm |
EX-10.2 - EX-10.2 - WCA WASTE CORP | h82673exv10w2.htm |
EX-10.1 - EX-10.1 - WCA WASTE CORP | h82673exv10w1.htm |
Exhibit 99.1
WCA Waste Corporation Amends $200 Million Revolving Credit Facility
HOUSTON, May 31, 2011 (GLOBE NEWSWIRE) WCA Waste Corporation (Nasdaq: WCAA) announced today
that it has entered into an Amendment to its $200 million revolving credit agreement effective as
of May 25, 2011.
The Amendment extends the term of the Credit Agreement and the revolving credit facility from
January 31, 2014 to April 7, 2016. The Amendment was entered into in connection with WCAs
recently announced offering to qualified investors pursuant to Rule 144A under the Securities Act
of 1933 of $175 million 7.50% Senior Notes due 2019 and the cash tender offer and solicitation of
WCAs 9.25% Senior Notes due 2014.
The Amendment to the Credit Agreement also modified certain covenants relating to leverage and debt
ratios and the application of proceeds from any future equity offerings or asset sales. These
modifications to the Credit Agreement will not increase the Companys borrowing costs at current
borrowing levels.
Safe Harbor for Forward-Looking Statements
This press release may contain statements that are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. From time to time, our public filings, press releases and other communications (such as
conference calls and presentations) will contain forward-looking statements. These forward-looking
statements can generally be identified as such because the context of the statement will include
words such as may, will, should, outlook, project, intend, seek, plan, believe,
anticipate, expect, estimate, potential, continue, or opportunity, the negatives of
these words, or similar words or expressions. Similarly, statements that describe our future
plans, objectives or goals are also forward-looking statements. Such statements include, but are
not limited to, plans, objectives, expectations and intentions and other statements that are not
historical facts.
All such statements are based upon the current beliefs and expectations of WCAs management
and are subject to significant risks and uncertainties. Some of those risks and uncertainties have
been more fully described in Risk Factors and Cautionary Statement about Forward-Looking
Statements in WCAs Quarterly Report on Form 10-Q with respect to the quarterly period ending on
March 31, 2011. Please consider these risks and uncertainties carefully in evaluating the
forward-looking statements and do not place undue reliance on such forward-looking statements. The
forward-looking statements made herein are only made as of the date of this press release and WCA
undertakes no obligation to publicly update such forward-looking statements to reflect subsequent
events or circumstances.
CONTACT: | WCA Waste Corporation Tommy Fatjo (713) 292-2400 |