Legal DealFolio - WCA Waste Corporation Acquisition Financing

Davis Polk is advising Credit Suisse AG as administrative agent and Credit Suisse Securities (USA) LLC and Macquarie Capital (USA) Inc. as arrangers in connection with a commitment to provide up to $275 million in term loans and an additional $50 million in revolving loans (which may be increased by $20 million in the event of a successful syndication) for Cod Intermediate, LLC, a subsidiary of Macquarie Infrastructure Partners II (MIP II). The commitment is being made in connection with MIP II's acquisition of all of the common stock of WCA Waste Corporation. Up to $265 million of the term loan facility will be available to pay the purchase price in connection with the acquisition, repurchase WCA's outstanding notes pursuant to the exercise of put rights following a change of control offer and/or any debt tender offer and to refinance WCA's existing revolving credit facility. The amount of term loans will be reduced by the amount of notes that are not repurchased pursuant to the exercise of put rights or any debt tender offer. The amount of term loans in excess of $265 million and the proceeds of the revolving facility will be used for working capital and general corporate purposes. The Davis Polk leveraged finance team includes partners Michael Kaplan and Jason Kyrwood and associates Meyer C. Dworkin, Jonathan B. Brown and Alexa Taylor (not yet admitted). All members of the Davis Polk team are based in the New York office.

Deal Date:	21-12-2011	Practice Area:	International Finance and Bank Credit
Deal Title:	WCA Waste Corporation Acquisition Financing	Industry:	Support Services
Description:	Davis Polk is advising Credit Suisse AG as administrative agent and Credit Suisse Securities (USA) LLC and Macquarie Capital (USA) Inc. as arrangers in connection with a commitment to provide up to $275 million in term loans and an additional $50 million in revolving loans (which may be increased by $20 million in the event of a successful syndication) for Cod Intermediate, LLC, a subsidiary of Macquarie Infrastructure Partners II (MIP II). The commitment is being made in connection with MIP II's acquisition of all of the common stock of WCA Waste Corporation. Up to $265 million of the term loan facility will be available to pay the purchase price in connection with the acquisition, repurchase WCA's outstanding notes pursuant to the exercise of put rights following a change of control offer and/or any debt tender offer and to refinance WCA's existing revolving credit facility. The amount of term loans will be reduced by the amount of notes that are not repurchased pursuant to the exercise of put rights or any debt tender offer. The amount of term loans in excess of $265 million and the proceeds of the revolving facility will be used for working capital and general corporate purposes. The Davis Polk leveraged finance team includes partners Michael Kaplan and Jason Kyrwood and associates Meyer C. Dworkin, Jonathan B. Brown and Alexa Taylor (not yet admitted). All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	100.01-500.00
Advised Party:	Lender	Law Firm	Davis Polk
Borrower Jurisdiction:	United States	Lender Jurisdiction:	United States
Classification:	Acquisition Finance Private Company Acquisition	Lawyer	Michael Kaplan

Practice Areas -

International Finance and Bank Credit Law Firms and Lawyers

Practice Areas - International Finance and Bank Credit Law Firms and Lawyers