Waste Connections prices $750M 5.000% Senior Notes due 2034 to repay credit facility

Waste Connections, Inc.

$750M aggregate principal of 5.000% Senior Notes due 2034 priced at 98.835% of face value.
Expected net proceeds ~$734.2M after underwriting fees and expenses.
Proceeds to repay borrowings under revolving credit facility and term loan.
Offering expected to close February 21, 2024, subject to customary conditions.
Joint book-running managers: BofA Securities, J.P. Morgan, PNC Capital Markets, Truist Securities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Waste Connections, Inc. entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters valued at $750 million aggregate principal amount of its 5.000% Senior Notes due 2034 (effective 2024-02-15).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters
Value: $750 million aggregate principal amount of its 5.000% Senior Notes due 2034
Effective: 2024-02-15

Exact text from the filing

On February 15, 2024, Waste Connections, Inc. (“Waste Connections” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters named therein (collectively, the “Underwriters”), relating to the public offering (the “Offering”) by Waste Connections of $750 million aggregate principal amount of its 5.000% Senior Notes due 2034 (the “Notes”).

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Waste Connections, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-024897

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