WCA Waste Corporation Amends $200 Million Revolving Credit Facility

WCA Waste Corporation WCAA announced today that it has entered into an Amendment to its $200 million revolving credit agreement effective as of May 25, 2011. The Amendment extends the term of the Credit Agreement and the revolving credit facility from January 31, 2014 to April 7, 2016.  The Amendment was entered into in connection with WCA's recently announced offering to qualified investors pursuant to Rule 144A under the Securities Act of 1933 of $175 million 7.50% Senior Notes due 2019 and the cash tender offer and solicitation of WCA's 9.25% Senior Notes due 2014. The Amendment to the Credit Agreement also modified certain covenants relating to leverage and debt ratios and the application of proceeds from any future equity offerings or asset sales.  These modifications to the Credit Agreement will not increase the Company's borrowing costs at current borrowing levels.