FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Goldman Sachs Provides $55MM in Credit Facilities to Meridian Waste Solutions

December 30, 2015, 07:56 AM
Filed Under: Waste Management

Meridian Waste Solutions, Inc. announced that as of December 22, 2015 it had secured from Goldman Sachs Specialty Lending Group, L.P. a $55 million credit facility, with $40 million of such amount funded at closing (the "Financing") and, simultaneously with the Financing, the Company closed on two strategic acquisitions (the "Acquisitions"). The Financing and the Acquisitions allow the Company to become a fully integrated waste management operation with major hauling assets, transfer stations and a Municipal Solid Waste (MSW) landfill in the St. Louis, Missouri marketplace.

The first of the Acquisitions is comprised of the purchase by the Company of all of the membership interests of Christian Disposal, LLC dba Christian Environmental Services ("Christian"), which includes ownership of Christian's subsidiary, FWCD, LLC, pursuant to the closing of an Amended and Restated Membership Purchase Agreement (the "Purchase Agreement"), as amended by the First Amendment thereto (the "Amendment"). Christian Disposal LLC, DBA Christian Environmental Services is one of the largest Missouri based integrated solid waste service companies that provides solid waste collection, transfer, disposal and recycling services. Christian is based in Winfield, Missouri. The Company filed a description and copy of the Purchase Agreement in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on October 22, 2015. The Company filed a description and copy of the Amendment in a Current Report on Form 8-K filed with the SEC on December 9, 2015.

The second of the Acquisitions is comprised of the purchase by the Company's wholly-owned subsidiary, Meridian Land Company, LLC, of certain assets of Eagle Ridge Landfill, LLC ("Eagle"), which includes certain assets related to hauling operations and a municipal solid waste landfill in Bowling Green, Missouri (the "Asset Purchase Agreement"). The Company filed a description and copy of the Asset Purchase Agreement in a Current Report on Form 8-K filed with the SEC on November 18, 2015.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.