Attis Industries Inc. (fka ATIS) (ATIS)

[kingpindg]

Meridian Waste Solutions, Inc. Completes $13.67 Million Recapitalization; Prepares for Future Growth

MILTON, GA / ACCESSWIRE / August 11, 2015 / Meridian Waste Solutions, Inc. (OTCQB: MRDN) ("Meridian") today announced that it closed on a $13.67 million, five-year first lien debt instrument that is structured to support future acquisitions. Praesidian Capital ("Praesidian"), a leading provider of senior and subordinated debt capital to small and mid sized companies, provided the recapitalization facility, which closed on August 6, 2015.

"With this facility in place, Meridian is setting the stage to begin its acquisition strategy, which we announced in April," said Jeff S. Cosman, CEO of Meridian. "Praesidian is partnering with us as we set our plans in motion to grow the company through a focused acquisition strategy. This means having the ability to understand the 'waste solutions concept' and take the steps to effectuate the strategy. We are pleased to partner with Praesidian as we build a great regional company."

Rick Dreger, Attorney (Roswell, GA) and Lucosky Brookman, LLP (http://lucbro.com/) led the company as its corporate counsel. Garden State Securities, Inc. of Red Bank, NJ (http://www.gardenstatesecurities.com/) provided the Investment Banking services for MRDN. Proskauer Rose LLP acted as Praesidian's counsel.


https://www.accesswire.com/431191/Meridian-Waste-Solutions-Inc-Completes-1367-Million-Recapitalization-Prepares-For-Future-Growth


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