Milbank, Tweed, Hadley & McCloy LLP represented Covanta Holding Corporation in connection with a registered public offering of $400 million of 6.375% Senior Notes due 2022, and Covanta Energy Corporation and its subsidiaries in connection with a new senior secured term loan facility in the amount of $300 million, maturing in 2019, and a senior secured revolving credit facility in the amount of $900 million, terminating in 2017.

Covanta Holding Corporation is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and  a recipient of the Energy Innovator Award from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy. Covanta’s 46 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using municipal solid waste to generate clean, renewable energy. Annually, Covanta’s modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into 9 million megawatt hours of clean renewable electricity and create more than 9 billion pounds of steam that are sold to a variety of industries.

The Milbank team, led by partners Marcus Dougherty and Lauren Hanrahan, in the Leveraged Finance Group, and Doug Tanner and Robert Williams, in the Securities Group, included associates Jane Kim and Susan Kremer, in the Leveraged Finance Group, and Sam Badawi, Matthew Squires, Ranee Adipat and Meredith Hines, in the Securities Group.  Tax partner Andrew Walker and associate Randy Clark provided tax advice.