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Filed by Republic Servies, Inc. pursuant to Rule 425 under the Securities Act of 1933, as
amended, and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as amended.
Subject Company: Republic Services, Inc. (Commission File
No. 1-14267) |
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Contacts for Republic Services:
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Media:
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Investors:
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Both: |
Will Flower
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Tod Holmes
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Chuck Burgess |
(954) 769-6392
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(954) 769-2387
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The Abernathy MacGregor Group |
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or
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(212) 371-5999 |
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Ed Lang |
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(954) 769-3591 |
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REPUBLIC SERVICES ANNOUNCES BANK FACILITY COMMITMENTS
FOR PROPOSED MERGER WITH ALLIED WASTE INDUSTRIES
- New Bank Facility Oversubscribed -
FORT LAUDERDALE, Fla., August 18, 2008 Republic Services, Inc. (NYSE: RSG) today announced that
Bank of America Securities LLC and J.P. Morgan Securities Inc. have arranged a syndicate of lenders
committed in writing to the entire amount of Republics proposed new $1.75 billion senior unsecured
revolving credit facility. The commitments are not subject to due diligence, and the total amount
of commitments received is in excess of the proposed $1.75 billion.
The new credit facility, together with Republics existing $1 billion senior unsecured revolving
credit facility, will provide Republic with all of the financing expected to be needed to
consummate its proposed merger with Allied Waste Industries, Inc. (NYSE: AW), as well as with
additional working capital. Republic expects to enter into the new credit facility, and to enter
into certain conforming amendments to its existing credit facility, in September 2008. The initial
funding under the new credit facility is expected to occur upon closing of the proposed merger.
Republic expects its merger with Allied Waste to close in the fourth quarter of 2008.
About Republic Services, Inc.
Republic Services, Inc. is a leading provider of environmental services including solid waste
collection, transfer and disposal services in the United States. The companys operating units are
focused on providing solid waste services for commercial, industrial, municipal and residential
customers.
Additional Information and Where to Find It
This communication is being made in respect of the proposed business combination involving Republic
and Allied. On August 1, 2008, Republic filed with the Securities and Exchange Commission a
Registration Statement on Form S-4 containing a Joint Preliminary Proxy Statement/Prospectus in
connection with the proposed transaction with Allied, which is subject to review by the SEC. The
definitive Joint Proxy Statement/Prospectus (when available) will be mailed to stockholders of
Republic and Allied. INVESTORS AND SECURITY HOLDERS OF
REPUBLIC AND ALLIED ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able
to obtain free copies of the Registration Statement and the definitive Joint Proxy
Statement/Prospectus (when available) and other documents filed with the SEC by Republic and Allied
through the website maintained by the SEC at www.sec.gov. Free copies of the Registration
Statement and the definitive Joint Proxy Statement/Prospectus (when available) and other documents
filed with the SEC can also be obtained by directing a request to Republic Services, Inc., 110 SE
6th Street, 28th Floor, Fort Lauderdale, Florida, 33301 Attention: Investor Relations or by
directing a request to Allied Waste Industries, Inc., 18500 North Allied Way, Phoenix, Arizona
85054, Attention: Investor Relations.
Participants in Solicitation
Republic, Allied and their respective directors and executive officers and other persons may be
deemed to be participants in the solicitation of proxies in respect of the proposed transaction.
Information regarding Republics directors and executive officers is available in its Annual Report
on Form 10-K for the year ended December 31, 2007, which was filed with the SEC on February 21,
2008, and its proxy statement for its 2008 annual meeting of stockholders, which was filed with the
SEC on April 2, 2008, and information regarding Allieds directors and executive officers is
available in Allieds Annual Report on Form 10-K for the year ended December 31, 2007, which was
filed with the SEC on February 21, 2008 and its proxy statement for its 2008 annual meeting of
stockholders, which was filed with the SEC on April 10, 2008. Other information regarding the
participants in the proxy solicitation and a description of their direct and indirect interests, by
security holdings or otherwise, will be contained in the definitive Joint Proxy
Statement/Prospectus and other relevant materials to be filed with the SEC when they become
available.
Information Regarding Forward-Looking Statements
Certain statements and information included herein constitute forward-looking statements within
the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking
statements are identified by words such as will, expects, intends, and similar words. Any
such forward-looking statements contained herein are based on current expectations, but are subject
to a number of risks, uncertainties, and other factors that may cause actual results to differ
materially from expectations expressed in such forward-looking statements, many of which are beyond
the control of Republic. Such risks, uncertainties and other factors include: regulatory and
litigation matters and risks, legislative developments, changes in tax and other laws, the effect
of changes in general economic conditions, the risk that a condition to closing of the new credit
facility may not be satisfied, the risk that a regulatory approval that may be required for the
merger is not obtained or is obtained subject to conditions that are not anticipated and other
risks to consummation of the merger or the credit facility. Shareholders, potential investors and
other readers are urged to consider these factors carefully in evaluating our forward-looking
statements and are cautioned not to place undue reliance on forward-looking statements. The
forward-looking statements made herein are only made as of
the date of this press release and the parties hereto undertake no obligation to publicly update
these forward-looking statements to reflect subsequent events or circumstances.
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