Waste360 is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Allied Waste Raises $400 Million from Stock Offerings

Article-Allied Waste Raises $400 Million from Stock Offerings

Scottsdale, Ariz. -- Allied Waste Industries raised $400 million by offering shares of stock and three-year securities. The company said it will use net proceeds to pay down debt. The stock offering was part of a larger financial plan to obtain $3 million in new bank financing and reduce company debt by $1 billion to $7.88 billion. For a related story on Allied's financial plans, see

Allied Inaugurates Pricing Program