-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Kc4izq8bz3L0uxj/Wbu3Dt0bMfnz60VR8jlH0/j5aWmBVo9NHhDy8vRa7NU3CyqU LIIGNcVWz9TuGbCtvEAckw== 0000950144-07-003021.txt : 20070403 0000950144-07-003021.hdr.sgml : 20070403 20070403113044 ACCESSION NUMBER: 0000950144-07-003021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070331 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070403 DATE AS OF CHANGE: 20070403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASTE SERVICES, INC. CENTRAL INDEX KEY: 0001065736 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25955 FILM NUMBER: 07742310 BUSINESS ADDRESS: STREET 1: 1122 INTERNATIONAL BLVD., SUITE 601 CITY: BURLINGTON STATE: A6 ZIP: L7L 6Z8 BUSINESS PHONE: 9053191237 MAIL ADDRESS: STREET 1: 1122 INTERNATIONAL BLVD., SUITE 601 CITY: BURLINGTON STATE: A6 ZIP: L7L 6Z8 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ENVIRONMENTAL RESOURCE INC DATE OF NAME CHANGE: 19990421 8-K 1 g06463e8vk.htm WASTE SERVICES, INC. Waste Services, Inc.
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 31, 2007
Waste Services, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction of
incorporation)
  000-25955
(Commission
File Number)
  01-0780204
(IRS Employer
Identification No.)
     
1122 International Blvd., Suite 601,
Burlington, Ontario, Canada

(Address of principal executive offices)
 
L7L 6Z8
(Zip Code)
Registrant’s telephone number, including area code (905) 319-1237
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Section 2 Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets.
     On April 2, 2007, Waste Services, Inc. announced that it had completed transactions to acquire Allied Waste’s South Florida operations and to sell its Arizona operations to Allied Waste. The South Florida operations consist of a collection company, a transfer station and a materials recovery facility, all providing service in Miami-Dade County. The transaction closed effective March 31, 2007. The consideration paid for the South Florida operations was $64 million in cash and the sale price of the Arizona operations was $53 million in cash, adjusted for assets disposed of since execution of the agreement. A copy of the press release is furnished as an exhibit to this Form 8-K.
Item 2.03(a) Creation of a Direct Financial Obligation.
     The company also announced its intention to increase the term loans under its existing senior credit facility by $50 million, as well as obtain lender consents for certain other modifications to the credit agreement.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d)     Exhibits.
     99.1 April 2, 2007 Press Release.

 


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  WASTE SERVICES, INC .
 
 
  By:   /s/ Ivan R. Cairns    
    Ivan R. Cairns   
April 2, 2007    Executive Vice President and General Counsel Date:   
 

 

EX-99.1 2 g06463exv99w1.htm EX-99.1 PRESS RELEASE EX-99.1 Press Release
 

Exhibit 99.1
(WSI LOGO)
 
PRESS RELEASE
 
WASTE SERVICES ANNOUNCES
Closing of Florida / Arizona Transactions;
Launch of $50 Million Term Loan Financing
BURLINGTON, Ontario, April 2, 2007 / PRNewswire-FirstCall/ — Waste Services, Inc. (Nasdaq: WSII) today announced that it has completed transactions to acquire Allied Waste’s South Florida operations and to sell its Arizona operations to Allied Waste. The South Florida operations consist of a collection company, a transfer station that is permitted to process 800 tons per day and a materials recovery facility, all providing service in Miami-Dade County. These operations employ approximately 300 people, operate 120 collection routes and generate approximately $65 million in annual revenue. The acquisition establishes Waste Services as a vertically-integrated competitor in Miami-Dade, the largest market in Florida, and also creates the opportunity to increase internalization into the company’s existing Florida landfills.
Waste Services today also announced its intention to increase the term loans under its existing Senior Secured Credit Facility by $50 million, as well as obtain lender consents for certain other modifications to the credit agreement. Net proceeds from the proposed term loans will be used to repay outstanding borrowings under the company’s revolving credit facility, a portion of which were incurred to complete the South Florida / Arizona purchase and sale transaction. Proceeds from the term loans will also be used to complete the acquisition of USA Recycling in Florida and for general corporate purposes.
Waste Services, Inc., a Delaware corporation, is a multi-regional integrated solid waste services company that provides collection, transfer, disposal and recycling services in the United States and Canada. The company’s web site is http://www.wasteservicesinc.com. Information on the company’s web site does not form part of this press release.
For information contact:
Edwin D. Johnson
Executive Vice President and
Chief Financial Officer
Waste Services, Inc.
561-237-3400

 

GRAPHIC 3 g06463g0646300.gif GRAPHIC begin 644 g06463g0646300.gif M1TE&.#EAM@!;`/<``````(````"``("`````@(``@`"`@,#`P,/?OJ;*\`(M M70$S;@$W;`$X<@$[>0!"8P=.6@@I6@8Q8`0=(8PU# M>PA70PU:3A$V;@\^>1=$90]`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`@/\```#_ M`/__````__\`_P#______R'Y!```````+`````"V`%L`AP```(````"``("` M````@(``@`"`@,#`P,/?OJ;*\`(M70$S;@$W;`$X<@$[>0!"8P=.6@@I6@8Q M8`0=(8PU#>PA70PU:3A$V;@\^>1=$90]`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`@/\```#_`/__````__\`_P#______PC^`.L)'$BP MH,&#"!,J7)B0'L.'$!72/($."I#>O73IQXKYMVV9- MFTMMV[ZA3/?N'461.'/J_$BOW3EKSH;5_306:JFJ5,U<^;0F;.G MD"%)GU+5&N9L&\V;!L'N'$L6([UTVY#E"D5I4)TQ5N+*G2L&BUTQ>//6M3M7 M+I4O:>@4VO0J6+5O[<267C-KWLQ9+Q:_7\;4810J MF+7$C5,S;FE[=NS>/L:XWC-PU>D#^#3LN<*+R\PSIE0LVJ0T6V=SC5P?> MMWY]ZI:M8!G32->V>`--9!YZZ*$SS"9Z?!$7?O+%=U=^41&)(4FI\(9T52RPA%QV4!/,-RA((.VX85==@UF M=J(8:NS!"&'!(*--.339A%QY]+S3#CK?6*-6*I/ID89L25"A1R@(O!/@DC&& M],XPE*@1EQAL].A@<'M,HHIAY]@DTF/.Y)**(71,D:4AP:`39EGHZ$+(C6K. M!UP:>DR2BS-QIM8D9*\8KYP3X)\@M9/+(&<6FEMVU'UF11J#J,(HF(W1 M$\\WP6Q"E2K^+]8S(*;+%?2.,(/JEZ.GN>'UF1B"F-H.K071<\Z!A-`B#K$5 M#4A/-9$0*@:/O.8EJAZ>.#,LLTP6)$XNIPBC#K<1H:.*F;M6F]FO>]02*[D+ MM8,`,^+,`V]#R`ABA;J=Z2]"`\XCCI<`%F9O&OOQ>AY<57PPR#,`( M5WS1-M$RJ":U><4U"#`'6RSR0Q0A8Z/#ZN[V61J5CNSR6 M#EPUS_3H,C._3(CABM$C4WV1VCO1$XP7]L4M=]QIU#)UVE\?E$[^)XL8XO?? M@`N^>:<6YY+SHA_[=`\ ML$QA'Q6HIZ[ZZJO')5L=?H:>=SN1,%QMFEBD\=DKA\M.KGG:S*&QIUBD*88> MWS3TD#TY]?"?:LX.++,MT`V"P] ML.3.1A@\8F:\9L9GK1CSS\]R\@_Q$QCSP$V#\`SL->$6&>K/C7N`'2 M@W\(+`CSUL&*-^#`!!9H0`,6P,$%:/"#(.R@!S]H`0M\(`90^,,LUE&1;^@! M96(8@Q%Z0$,BV/"&/2C"=CJSA]@9I!O^;CC#&X;XAC,8<8A"S$:MB&$&-`C1 MB%"$XAN649%LW"&*;T"#%J%(!E$$3"#8(,,'&I"!,F;`!&9,HQK7N,82,N`# M6:#B)`!(`2A!!X1D4(NP`&) M!"$D[R"/B&3BD(B,9`,LT(OR"(1YV1@"&4]P@@R$@(VH9&,(3JG&!N!`B1#9 MAAIRIYP`*4%$L\WM"`55;3E-[,I3C'28,@V&PI.?JX2FV&IQR.(NLIA$I.8IRSG3$W: M@0\4@V3UV$9E:EE24[(QI9W93BT2,H\SY!&7:Y2H1)1:`9[&])PTY01#EK%3 MKU)3IAE(P40)XHXLO)65IRSA!TQ`V,(:]K`?(.I?]8$_5-(@H*7^K%%-<(=2 MS*(8Q8"&;G?+6]SV0A:/2($9.6O*"\AU.:#(S&3MJD;+)A5N:J M$0?=&.1!2M'0@\H6L!V0A79A&UJ->K.,*(#F0:Y15]'2]`XWK0@G*K!)/I:0 M`IBHB,^X2MGFUI,S=MD#Q0SR"YAZMXP?((6L%+,.*(C6N]4T9P@ND(7X%H2[ MYFVJ'O^0$&@(]\$(5B=&EN&$(41A"$-PPHE/7(J*#.-GDI5!?]/HW,V$`78* MF4<91HG0**#6(+(H*&!924KW>O4#OT#(.K@@3W,^,R'2$&Z$XSF$8JQC<1:) MAY;CX0YWK./+5ZZ5,V#\3AE;UXPUULS^C7V8U%[<%:&=-(B.J3G:O&;BPW8- M[!TB2)`"KW&9(;"`B!'2C1@XU*@RM8`)G&"&._PA$8IXQ/8X00I2E((5K)#% M+7IQ/FED(QOCX'.SZN$,.YK9IVC^;V=PK!#J[C/#I;R#8BSZ5G!>``KK>(-# M'UQ*%$##:_4@*#%O@(V$V*/!167C!4#(@&8SP+Y[[,`)"(N"&`PA"W;`1#$` M)&KE(4.YI_ZJJCE#!S8C1)C,)>T-U!N@.YQUM(%N<9#-:U`+>+8@V:@KJFFJ M4&/+0Q'[-"DI!W[FIZ[Q`A?(X`1*8(9BT$.!#PD&F6,8[LJ.>S,"%JH9+@!O M:G8@OP2)(3EVNRS_7W*@`B!W:@2&`=""/(*-&:>I:@4"BN\LLI05`+A!I M!IVFEX!(+W#P;+R:LY0$'W*=43E,"P3AZ>E)+G\+OLN+9\8*D[`P0N)A!J8" M5H_B%4AL,YP!)`]R&2B0*2N'.81C"D06,$4E=I=7CVDH8@@F<+8&FPW"#%S` MX#4GY3`_T-B'M,,0X/YZW7%CA52@ZB::1?DR:ZJ^4;C<[!:(`H!&IT_2[MH" M+:Z'J^F^]0!V?1FW(`4D_G"'.[S!#%R(PHF'H`,=Q.#Z*9AV81/^BW5_FM0" M''[(-[8*=+JG63/!:&09"JIX,SYY'4ZH]4R!7Y!;?,#[:;0`%"J)>'!6\YLX M$%0+`7$+H3_Q\&7C,`[=T`W7(`W2L`S+0`S$@`NDX%?]M4QGH'<'(5*217&J M=WYZP0:@(W87E5%115-O$`N*$'D@%@,K-Q#2]&YO90*0$`OZ9$I%MFMZ=%P, M`0V<\(.59FFD0&DO>!'98&C6=4I=5`M=Q.3A3)M!S(8=GA^9[..A4 M-#4*$<$)9_50_-0!B<"$#)$-H<6'JW0!-L40=-0;Y4>(=J<7S3!>#\%W[^9- M6YAL,E5*%780\^!N1I:#M]A^IF4.$8%ABSAMJ_0!9(`)F88+S,AIOO",S]@+ MMS"-L4`*BN`$2O=0B@=^5%,.>G`%@KB*XG8;@C`LB-A0Q$6*?Q=H"H80MU`" M)L5/&`5H@15\$#$+BQ53A'18!Q'BVED M4)RX4;Y8DJ?4`4X`=P=!.^[$&R7E?2A53SN4%U^@"G-DBQMY2A.`B4DE*[5`!6'5`K5&8_]E&RIS3QK! M/+U0`0O@;(JYF(BT`+BV$/)@!Q+`F)09AQ(04+WC$.M`!@Q05$0&5R2I>.&4 M`0Q0!C\&;,B@.WTIEC7V-+G0$?%@"7;0?+19F[9I![?P$,DPF[-IF[YI!XYP MFA7A#7>`01100D'Y3XA&D@[P1G8@@`BQ#750E>"V2DF7`=>I=&#^E08[9`61 M8'2^LQS00`IWD`4XD'T)5P$6H)@;U$%SV&P3L`!N9$(?4&U1<`>RL'L(\0V& M0)W*-0,C@`(C,*`$.J`J4$^[,@?:`(M(0Q%W"''TL`[>@`T1^%O6@ST8F@F9 MP`D8BJ&9)@N\T`O%(`W=L`X480_(40Z,@!EK@!M5\*(P6@52(*,S^DYB$`98 M\`6&\Y5K,T@.ZDD)M%8",RL!\@V2H!\WZDLQM)6=@1^?X0G2Q1%:-DCQ@$!< M)FH\JCSRL`[D,`[J\%K*,S`H^J-7NA'(01';L`BAL5(:LU+:41U4P`CX!!*K MX`1*)`LWD`CS(`^)0`;C4D6_MF`,,0_^CR`$3N`$07`'PEDK`\$+?-"&6%4L M!R$/SB`(8E`$&R`%V\$&;+!2N\*IG)H7.;(KJB@&@Y`\.%$,%2!7^@0#WI`- M)1!^W2`*EN`(K+![Q/`]E\`+]I(-4``#CR`*ZC`1O_`(EG`)[`:#+A`$EY8' M;O!TRX`)QTH,#J$.J[`*CE`*+`0.F*!$O+`*`.(+>`!2\_`+BH`(CQ"H\2`+ ME_`(G-`-$^$-G'`)ED`*BRHKP#`'ML$#&'`$,50$/3`#,R`%>`$&13`#+-`# M59"DU.&F:&(9@K`-.E%(63`-.``(."`+I*!6]<`*.'`'7*!6\/<">)`%?@`@ MU^`$,0`)J\#^0ME@`U$`"#!`!A86#WB@`UF0!4-@!MD5#UEP`W\P!$`05-?@ M`5MP!RX`3>,``W[0#<#J$*QP`]GE#3'`!9B`;0!2#"6`!G]0`HG@$*+``5H4 M!=`$%N?@"9810T3P`4<0!F-``B2P`R/@1V)P!!`@`SQ``CTP/YKQ&8-@#40: M$JQ@`FB@5V40!3IPBO20"#J`"7%@`E<5#W\0LUP0!"OW"$[`#;%P3-)@`G%0 M"FA@!\*Y#G<`"*T@"WD@`;Q0#^L`LYJ0!V405-A@`JT@#]#PIZ7P`FC@J@+! M"C"079W;6+.0"2S4"Q8`")I@!IDP#_1P"SH0!W@0`T0I*\Y`"%;^<`7RTP/] M&@9?,`(\4`=$,`(+ZP,8T`5RP`,Z)`924`3C9@6$(+%W@Q/CX`0FX`;S4`HF M``.Y*2M]8`.(<`^"?8+"PT_*B8Z#):`(&1W`$FHH7+]H;$*,*X*D:W9:EQM+$KP[,&;-"B>=&BWC$'NG`PJCQJ:A.X]A!!`@*A5!/, M'3$K[X`,D;`P^S$\#5(;W6$%C""Q.G,O]*`.7G$3\2LR[>#,9G*CUL&D\V$% M:@`+IXPPZL`,P*`-43JDWU`+A3`=*9,=.^0=:3`)(ZC,JC$ZU@`+G1`,Y($P MZ(`,GC`'G=(KZF(%5#`(P0#,8%,>SK`)@;`)X^'/L<%ED*)NVP#<'@"7N0'TVS&7&A!^X2G@-3 M#9N@!DF0!H4`"J:!#G)R$(?3.&35#MH0#*%@"&:R(#OM&9\1,3\-U`!&LO<#M]0#<'P"FT1&W&1(]C1--@1')$@+ES-U`.1#@A=![(1 M(8+1")Z@"KK`%=40$^=P#NB0V(E]V"IA#<\P#+KP"J#`"(5`!T]S)@]"RSWB ML#H]"+!@#?&ET0@S*_3P#;K0"'00%U=P!7.!.H`!%7I0!WLPV[.M!WHP!TUQ M(I=QU;<1%U^P!Y]P#&P6N'=-5M^0"Y&@T`N]%[_1W+/Q()H1UYS$4:IJ$B%[ M$`K(@`Y@(=JA4]K',-5N#=*%0MV;H=GK8BT.+1R34`O.@-+%[1&L(=54W=?B M[332S1L[/1?J70O-4`YHP]WO/3!H[0RUL`F&8"7T[9\-[="H$QB#0!C"H`WI M`.`!SM1+\AC/L-:3/0A68AFH,S=R,P5_T11T(`B1$`JU(`QE3>$5#A+S\`[G ML`W5@`S!D`NOD`J>L`F3,`F,T.,^/@F4L`F;$`JJ8#F$_0WHD!@LWN+_+"!; ,MF4"PN12SN0!`0`[ ` end
-----END PRIVACY-ENHANCED MESSAGE-----