Waste Management prepays $1.0B term loan using senior note proceeds

WASTE MANAGEMENT INC

Prepaid in full all borrowings + accrued interest under $1.0B term loan dated May 27, 2022.
Payment funded by proceeds from senior notes issuance that closed August 3, 2023.
Term loan was originally reported in June 2022 8-K; this terminates that agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

WASTE MANAGEMENT INC terminated "Term Loan Agreement" with lenders party thereto and Bank of America, N.A., as administrative agent valued at $1.0 billion (effective 2023-08-04).

Action: termination
Agreement: credit facility
Counterparty: lenders party thereto and Bank of America, N.A., as administrative agent
Value: $1.0 billion
Effective: 2023-08-04

Exact text from the filing

On August 4, 2023, Waste Management, Inc. (the “Company”) prepaid in full all borrowings and accrued interest pursuant to its $1.0 billion, two-year U.S. term loan credit agreement dated May 27, 2022, with the lenders party thereto and Bank of America, N.A., as administrative agent (the “Term Loan Agreement”).

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Source: SEC EDGAR

accession 0001104659-23-089111

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