{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-113571","form_type":"8-K","ticker":"WCN","cik":"0001318220","company_name":"Waste Connections, Inc.","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.110773+00:00","generated_at":"2026-06-22T17:28:59.125897+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Waste Connections closes $800M term loan, replaces LIBOR with SOFR in credit facility","bullets":["Entered $800M unsecured term loan due July 30, 2026; proceeds to repay revolving borrowings.","Interest rate based on Term SOFR plus 0.75%-1.25% margin (or base rate plus 0%-0.25%), with 0.10% credit spread adjustment.","Financial covenant limits total funded debt/EBITDA to 3.75x (4.25x during acquisition periods).","Amended existing Credit Agreement to replace LIBOR-based benchmarks with Term SOFR; no material change in interest rate.","Term loan fully drawn on Oct 31, 2022; no reborrowings permitted."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-113571","json":"https://secwatch.observer/filing/0001104659-22-113571.json","markdown":"https://secwatch.observer/filing/0001104659-22-113571.md","text":"https://secwatch.observer/filing/0001104659-22-113571.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1318220/000110465922113571/0001104659-22-113571-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1318220/000110465922113571/tm2229332d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T17:28:59.125897+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4a7ce9eca780de9a20d3975004d58205ca312135","claim":"Waste Connections, Inc. amended credit facility with Bank of America, N.A., as the global agent, the swing line lender and an l/c issuer, Bank of America, N.A., as the U.S. agent and an l/c issuer, and the lenders and any other financial institutions from time to time party thereto at Term SOFR plus a credit spread adjustment of 0.10% per annum.","evidence_excerpt":"the credit spread adjustment applicable to Term SOFR loans is a flat 0.10% per annum across all applicable interest periods instead of a varying credit spread adjustment across the same interest periods ranging from 0.11448% to 0.42826%","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318220/000110465922113571/0001104659-22-113571-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as the global agent, the swing line lender and an l/c issuer, Bank of America, N.A., as the U.S. agent and an l/c issuer, and the lenders and any other financial institutions from time to time party thereto"},{"label":"Rate","value":"Term SOFR plus a credit spread adjustment of 0.10% per annum"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"7c3ec5f61c58d54bddc71d2aa1d3be5ce25a7bbf","claim":"Waste Connections, Inc. incurred term loan of $800 million with Bank of America, N.A., as administrative agent, and the other lenders from time to time party thereto at SOFR plus an applicable margin ranging from 0.750% to 1.250% per annum maturing July 30, 2026.","evidence_excerpt":"the New TL Lenders made loans to the Company in an aggregate stated principal amount of $800 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318220/000110465922113571/0001104659-22-113571-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$800 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and the other lenders from time to time party thereto"},{"label":"Rate","value":"SOFR plus an applicable margin ranging from 0.750% to 1.250% per annum"},{"label":"Maturity","value":"July 30, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}