PONTE VEDRA, Fla., March 13, 2018 /PRNewswire/ -- Advanced
Disposal Services, Inc. (the "Company") (NYSE: ADSW) announced
today the completion of an underwritten secondary offering of
10,000,000 shares of its common stock for cash consideration of
$22.40 per share. All of the
shares were offered by an existing legacy stockholder of the
Company (the "Selling Stockholder"). The Company did not
offer any stock in this transaction and did not receive any
proceeds from the sale of the shares by the Selling Stockholder. In
addition, no shares were sold by the Company's directors or
management.
UBS Investment Bank acted as the sole underwriter for the
offering.
An automatic shelf registration statement (including a
prospectus) relating to the offering of the common stock was filed
with the SEC on November 16, 2017 and
became effective upon filing. The offering of these securities will
be made only by means of a prospectus included in that registration
statement, the preliminary prospectus supplement and the final
prospectus supplement, when available. You may obtain these
documents for free by visiting EDGAR on the SEC's website at
www.sec.gov. Alternatively, copies of the prospectus, the
preliminary prospectus supplement and the final prospectus
supplement, when available, relating to the offering may be
obtained from UBS Securities LLC, Attention: Prospectus Department,
1285 Avenue of the Americas, New York,
NY 10019 or by telephone at 1-888-827-7275 or by email at
ol-prospectus-request@ubs.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any such offer
or solicitation or any sale of securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words, and variations of words such as "believe,"
"expect," "plan," "continue," "will," "should," and similar
expressions are intended to identify our forward-looking
statements. These forward-looking statements involve risks
and uncertainties, many of which are beyond our control, and
important factors that could cause actual results to differ
materially from those in the forward-looking statements include,
but are not limited to, risks related to the capital markets.
For additional information on these and other factors that could
affect our forward-looking statements, see our risk factors, as
they may be amended from time to time, set forth in our filings
with the SEC, including our registration statement on Form S-3, as
amended from time to time. We disclaim and do not undertake
any obligation to update or revise any forward-looking statement in
this press release, except as required by applicable law or
regulation.
About Advanced Disposal Services, Inc.
Advanced Disposal (NYSE:ADSW) brings fresh ideas and solutions
to the business of a clean environment. As the fourth largest
solid waste company in the U.S., we provide integrated,
non-hazardous solid waste collection, recycling and disposal
services to residential, commercial, industrial, and construction
customers across 16 states and the Bahamas. Our team is dedicated to
finding effective, sustainable solutions to preserve the
environment for future generations.
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SOURCE Advanced Disposal Services, Inc.