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Covanta Closes Its Senior Note Offering

Allan Gerlat

March 10, 2014

1 Min Read
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.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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