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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 18, 2001
Allied Waste Industries, Inc.
(Exact name of registrant as specified in charter)
Delaware
(State or other jurisdiction of incorporation)
0-19285 88-0228636
(Commission File Number) (IRS Employer Identification No.)
15880 N. Greenway-Hayden Loop, Suite 100
Scottsdale, Arizona 85260
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (480) 627-2700
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
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On January 18, 2001, Allied Waste Industries, Inc. ("Allied" or the "Company")
issued a press release announcing its intention to offer $500 million in senior
secured notes due 2008. A copy of the press release is provided herein.
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Allied Contact: Michael Burnett
480-627-2785
FOR IMMEDIATE RELEASE
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ALLIED WASTE INDUSTRIES, INC. ANNOUNCES
INTENTION TO OFFER $500 MILLION IN SENIOR SECURED NOTES
SCOTTSDALE, AZ - January 18, 2001 - Allied Waste Industries, Inc. (NYSE: AW)
today announced that Allied Waste North America, Inc. ("AWNA"), its direct,
wholly-owned subsidiary, intends to offer, pursuant to Rule 144A under the
Securities Act of 1933, $500 million in senior secured notes due 2008.
AWNA intends to use proceeds from the proposed sale of these notes to ratably
repay portions of tranches A, B and C of the term loans under its senior secured
credit facility.
The offer of these senior secured notes will be made only by means of an
offering circular to qualified investors and has not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration under the Securities Act or an exemption from the
registration requirements of the Securities Act.
Allied Waste Industries, Inc., a leading waste services company, provides
collection, recycling and disposal services to residential, commercial and
industrial customers in the United States. As of September 30, 2000, the Company
operated 338 collection companies, 152 transfer stations, 164 active landfills
and 75 recycling facilities in 40 states.
Safe Harbor for Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements"
intended to qualify for the safe harbors from liability established by the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such by the context of the statements,
including words such as the Company "believes," "anticipates," "expects" or
words of similar import. Similarly, statements that describe the Company's
future plans, objectives or goals are forward-looking statements.
Such forward-looking statements are subject to certain risks and uncertainties
which could cause actual results to differ materially from those currently
anticipated. Examples of such risks and uncertainties include, without
limitation, the ability of Allied to continue its vertical integration business
strategy in a successful manner; the ability of Allied to successfully pursue
and continue a disciplined market development program, the ability of Allied to
successfully integrate acquired operations, the ability of Allied to exit
certain regional markets and certain non-strategic businesses, whether and when
the recent transactions concluded or completed will be accretive to Allied's
earnings, whether Allied will be successful in completing asset sales at a pace
sufficient to achieve the Company's stated goal, the effects of commodity price
fluctuations of materials processed by Allied and the effects of an economic
downturn and its ability to price for economics.
Other factors which could materially affect such forward-looking statements can
be found in the Company's periodic reports filed with the Securities and
Exchange Commission, including risk factors detailed in Management's Discussion
and Analysis in Allied's Form 10-K for the year ended December 31, 1999.
Shareholders, potential investors and other readers are urged to consider these
factors carefully in evaluating the forward-looking statements and are cautioned
not to place undue reliance on such forward-looking statements. The
forward-looking statements made herein are only made as of the date of this
press release and the Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant, Allied Waste Industries, Inc., has caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
ALLIED WASTE INDUSTRIES, INC.
By: /s/THOMAS W. RYAN
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Thomas W. Ryan
Executive Vice President & Chief Financial
Officer
Date: January 18, 2001
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