debt
confidence high
sentiment neutral
materiality 0.45
Republic Services doubles commercial paper program to $1.0B from $500M
REPUBLIC SERVICES, INC.
- Maximum aggregate amount of unsecured commercial paper notes raised to $1.0B from $500M.
- Outstanding notes as of Aug 29, 2022: weighted avg interest 2.63%, weighted avg maturity 47 days.
- Notes issued under program have maturities up to 397 days; proceeds used for general corporate purposes.
- Notes rank pari passu with all other unsecured indebtedness of Republic Services.
- Company may further increase maximum amount with 10 days' notice and delivery of legal opinions, ratings confirmation.