Advanced Disposal Services,Inc. (NYSE:ADSW) Files An 8-K Other Events
Item 8.01 Other Events.
Pricing of Secondary Public Offering of Common Stock
On May17, 2017, Advanced Disposal Services,Inc. (the Company)
priced its secondary public offering (the Offering) of 15,500,000
shares of common stock by certain of the Companys stockholders
(the Selling Stockholders) for cash consideration of $21.50 per
share ($20.69375 per share net of underwriting discounts) to a
syndicate of underwriters led by joint book-running managers UBS
Securities LLC, Deutsche Bank Securities Inc. and Morgan Stanley
Co. LLC. Macquarie Capital (USA) Inc. also acted as a joint
book-running manager. The Offering of 15,500,000 shares of common
stock is expected to settle on May23, 2017, subject to customary
closing conditions. The Company is not selling any stock in this
transaction and will not receive any proceeds from the sale of
the shares by the Selling Stockholders. A copy of the press
release is furnished as Exhibit99.1 to this Current Report and is
incorporated by reference into this Item 8.01.
Exercise of Underwriters Option to Purchase Additional Shares
of Common Stock
On May 19, 2017, the Company announced that UBS Securities LLC,
Deutsche Bank Securities Inc. and Morgan Stanley Co. LLC, as
representatives of the underwriters of the Companys secondary
public offering, have exercised in full the underwriters option
(the Option) to purchase an additional 2,325,000 shares of the
Companys common stock from the Selling Stockholders. The Option
is expected to settle concurrently with the Offering on May 23,
2017, subject to customary closing conditions. The Company is not
selling any stock in this transaction and will not receive any
proceeds from the sale of the shares by the Selling Stockholders.
A copy of the press release is furnished as Exhibit 99.2 to this
Current Report and is incorporated by reference into this Item
8.01.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
The following exhibits are furnished herewith:
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Exhibit No. |
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Description |
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99.1 |
Press Release of Advanced Disposal Services,Inc., dated |
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99.2 |
Press Release of Advanced Disposal Services,Inc., dated |
About Advanced Disposal Services, Inc. (NYSE:ADSW)
Advanced Disposal Services, Inc. is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills. The Company’s vertically integrated environmental services operations can be classified into three lines of business: collection services, disposal services and recycling services. The disposal services include transfer stations and landfills. Advanced Disposal Services, Inc. (NYSE:ADSW) Recent Trading Information
Advanced Disposal Services, Inc. (NYSE:ADSW) closed its last trading session down -0.07 at 21.92 with 6,595,421 shares trading hands.