debt
confidence high
sentiment neutral
materiality 0.60
WM prices $1.25B of 4.625% senior notes due 2030 and 2033
WASTE MANAGEMENT INC
- Priced $750M 4.625% Senior Notes due 2030 and $500M 4.625% Senior Notes due 2033.
- Closing expected February 15, 2023, subject to customary conditions.
- Notes fully and unconditionally guaranteed by subsidiary Waste Management Holdings, Inc.
- Underwriters include J.P. Morgan, Mizuho, SMBC Nikko, Wells Fargo; some also serve as lenders under WM's $3.5B revolver.