Newalta marketing C$125 million seven-year senior notes via CIBC

By Paul A. Harris

St. Louis, Nov. 16 - Canada's Newalta Corp. is in the market with a C$125 million offering of seven-year senior notes, according to a market source.

CIBC World Markets is building the order book.

Proceeds will be used to refinance bank debt.

Moody's Investors Service assigned its B1 rating to the notes.

Newalta is a Calgary, Alta.-based industrial waste management and environmental services company.

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