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NEW YORK (MarketWatch)– Republic Services Inc. said Monday it has secured an
additional $1.75 billion in financing to help pay for a proposed merger with
Allied Waste Industries Inc. . The Fort Lauderdale, Fla.-based trash hauler said
Bank of America Securities LLC and J.P. Morgan Inc. have arranged a syndicate of
lenders to provide the new funding. The new funding adds to an existing $1
billion credit facility, the company said. Meanwhile, Waste Management Inc. said
Friday it would re-evaluate its options after Republic Services’ rejected its
second takeover offer. Waste Management has been trying to scuttle the deal by
its two smaller players that is set to challenge its dominant position.

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