Allied Waste Industries, Inc. Announces Consent Solicitation for Amendments to AWNA Indenture

PHOENIX, Nov. 26  /PRNewswire-FirstCall/ -- Allied Waste Industries, Inc. (NYSE:AW) announced that it and its subsidiary, Allied Waste North America, Inc. ("AWNA") today commenced a consent solicitation to amend the supplemental indentures (collectively referred to as the "Supplemental Indentures") governing the following outstanding debt securities of AWNA (the "Securities"):

  $350,000,000 6 1/2% Senior Notes due 2010 (CUSIP No. 01958XBA4)
  $400,000,000 5 3/4% Senior Notes due 2011 (CUSIP No. 01958XBD8)
  $275,000,000 6 3/8% Senior Notes due 2011 (CUSIP No. 01958XBK2)
  $450,000,000 7 7/8% Senior Notes due 2013 (CUSIP No. 01958XAZ0)
  $425,000,000 6 1/8% Senior Notes due 2014 (CUSIP No. 01958XBF3)
  $400,000,000 7 3/8% Senior Unsecured Notes due 2014 (CUSIP No. 01958XBH9)
  $600,000,000 7 1/4% Senior Notes due 2015 (CUSIP No. 01958XBN6)
  $600,000,000 7 1/8% Senior Notes due 2016 (CUSIP No. 01958XBR7)
  $750,000,000 6 7/8% Senior Notes due 2017 (CUSIP No. 01958XBS5)




Allied and AWNA are soliciting consents from security holders of record as of 5:00 p.m., New York City time on November 26, 2008.  The proposed amendments, if adopted, will amend the reporting obligations under the Supplemental Indentures in connection with the pending merger between Allied and Republic Services, Inc.  If adopted, the amendments will, following consummation of the merger, allow Republic, rather than Allied or AWNA, to make the required filings currently being made by Allied with the Securities and Exchange Commission.  Adoption of the proposed amendments is not a condition of the closing of the merger.  The proposed amendments are designed to minimize future reporting obligations following the closing.

Allied and AWNA are offering to pay to each holder who validly delivers its consent prior to the expiration of the solicitation and does not revoke such consent a payment of $1.25 for each $1,000 principal amount of Securities to which such consent relates.  The solicitation will expire at 5:00 p.m., New York City time, on Wednesday, December 10, 2008 unless extended or earlier terminated with respect to one or more series of Securities.  The detailed terms and conditions of the consent solicitation are set forth in a consent solicitation statement and related letter of consent dated November 26, 2008.

UBS Investment Bank will act as the Lead Solicitation Agent and BNP PARIBAS will act as Co-Solicitation Agent for the consent solicitation.  D.F. King & Co., Inc. will act as the Information Agent and U.S. Bank National Association will act as the Tabulation Agent.  Requests for documents may be directed to D.F. King & Co., Inc., the Information Agent, at [phone] (call collect) or [phone] (toll free).  Questions regarding the consent solicitation may be directed to UBS Investment Bank at [phone] (call collect) or [phone] ext. 4210 (toll free), the Lead Solicitation Agent for the consent solicitation.

This announcement is for informational purposes only and is not an offer to purchase or sell, or a solicitation of consents with respect to any securities.  The solicitation is being made solely pursuant to the above-described consent solicitation statement dated November 26, 2008 and the related letter of consent.

Information Regarding Forward-Looking Statements

The disclosures herein include statements that are 'forward looking' within the meaning of federal securities law concerning Allied's consent solicitation. These forward-looking statements generally can be identified by phrases such as "will," "if," "unless" or other words or phrases of similar import.  Allied's ability to complete the transaction is subject to market conditions and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.

About Allied Waste Industries, Inc.

Allied Waste is America's second largest non-hazardous solid waste services company and an environmental leader. Headquartered in Phoenix, AZ, Allied Waste provides waste collection, transfer, recycling and disposal services to millions of residential, commercial and industrial customers in over 100 major markets spanning 38 states and Puerto Rico. Allied's team of more than 22,000 dedicated employees operates within a highly efficient, integrated organization that generated 2007 revenue of $6.1 billion. 

DATASOURCE: Allied Waste Industries, Inc.



CONTACT:  James P. Zeumer, Senior Vice President, Public Affairs,

Communications and Investor Relations, of Allied Waste Industries, Inc.,

[phone]



Web site:  http://www.alliedwaste.com/ 

Copyright