secwatch.observer — SEC 8-K summary
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Issuer:     Waste Connections, Inc. (WCN)
CIK:        0001318220
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001104659-24-029357
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waste Connections enters $3.0B unsecured revolving credit facility, terminates prior credit agreements
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- New $3.0B (upsizable to $4.0B) 5-year unsecured revolver with Bank of America as agent; proceeds refinance existing debt.
- Terminated $1.45B 2021 revolving/term loan agreement and 2022 term loan agreement using proceeds from new facility.
- Covenant: max Total Funded Debt/EBITDA of 3.75x (4.25x during material acquisitions); interest margins tied to debt ratings.
- Facility includes $320M letter of credit sublimit and $100M swingline; uncommitted upsize option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318220/000110465924029357/0001104659-24-029357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318220/000110465924029357/tm247559d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-029357

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer