Solid Waste Company That Sold Munis Mulls Debt Restructuring

Aries Linden LLC, a solid waste company that has sold muni bonds, is planning to stop operations at its plant in Linden, New Jersey, as it works to potentially restructure its debt, according to a regulatory filing dated Dec 4.

• The company’s plant in Linden is designed to process municipal wastewater “in a more environmentally sustainable and efficient process” than landfills, according to its website
• The company said in the filing that it “needs to idle all operations at the plant to conserve cash and buy time to work on potentially restructuring its debt and completing a plan ...