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Covanta Closes Its Senior Note Offering

Article-Covanta Closes Its Senior Note Offering

Covanta Holding Corp. has closed its previously announced underwritten public offering of $400 million aggregate principal amount of 5.875 percent senior notes due in 2024.

The Morristown, N.J.-based waste-to-energy firm said in a news release that it intends to use the net proceeds of the note offering for general corporate purposes, including the repayment at maturity of its 3.25 percent cash convertible notes.

TAGS: Financials
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