On Oct. 12, Advanced Disposal Services, Inc. announced the completion of its initial public offering of 19,250,000 shares of its common stock at a price to the public of $18.00 per share. All of the shares are being offered by the company.

The shares began trading on Oct. 6, 2016 on the New York Stock Exchange under the ticker symbol “ADSW.” The underwriters have the option to purchase up to an additional 2,887,500 shares of common stock. The company intends to use the net proceeds from the shares offered to repay outstanding borrowings under the Term Loan B portion of its senior secured credit facilities.

Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Barclays Capital Inc. acted as lead joint book-running managers and representatives of the underwriters for the offering. UBS Securities LLC also acted as a lead joint book-running manager. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Macquarie Capital (USA) Inc., Morgan Stanley & Co. LLC, and Stifel also acted as joint book-running managers, and SMBC Nikko Securities America, Inc. and First Analysis Securities Corporation acted as co-managers.

About Advanced Disposal: Advanced Disposal (NYSE: ADSW) is the fourth largest solid waste company in the U.S. It provides integrated, non-hazardous solid waste collection, recycling and disposal services to residential, commercial, industrial and construction customers across 16 states and the Bahamas. Visit AdvancedDisposal.com for more information.

Photo courtesy Advanced Disposal

The Advanced Disposal leadership team