Greenberg Traurig LLP

01/23/2025 | Press release | Distributed by Public on 01/23/2025 16:41

Greenberg Traurig Advises Waste Pro on $850 Million Private Note Offering

ATLANTA and MIAMI - Jan. 23, 2025 - Global law firm Greenberg Traurig, LLP advised Waste Pro USA, Inc. in connection with its $850 million private offering of 7.000% senior unsecured notes due 2033.

Waste Pro said it 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.

Based in Longwood, Florida, Waste Pro is a leading waste services company that serves more than two million residential and 100,000 commercial customers from more than 90 operating locations.

"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," said 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.

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 & 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 & Financial Services Shareholder Jeffrey M. Wolf, Orlando Public Finance & Infrastructure Of Counsel Ashton M. Bligh, Houston Real Estate Associate Kristen E. Bollinger, Boston Banking & Financial Services Associate Christine Chen, and Washington, D.C., Tax Associate Maria Walker.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2024 BTI "Leading Edge Law Firm" for delivering on client expectations for the future and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA's Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.