Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
WASTE MANAGEMENT INC amended revolving credit of $3.5 billion (plus a $1 billion accordion feature) with Bank of America, N.A., as administrative agent at SOFR plus applicable margin ranging from .585% to 1.025% per annum maturing May 8, 2029.
- Instrument
- revolving credit
- Principal
- $3.5 billion (plus a $1 billion accordion feature)
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- SOFR plus applicable margin ranging from .585% to 1.025% per annum
- Maturity
- May 8, 2029
- Event
- amendment
Exact text from the filing
extend the term and maintain available revolving credit to serve U.S. and Canadian needs of the Company and its subsidiaries. The total commitment under the Credit Agreement is $3.5 billion (plus a $1 billion accordion feature) and the maturity date is May 8, 2029, with the option to request up to two one-year extensions. Waste Management of Canada Corporation and
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WASTE MANAGEMENT INC amended Credit Agreement with syndicate of banks signatory thereto and Bank of America, N.A., as administrative agent valued at $3.5 billion (plus a $1 billion accordion feature) (effective 2024-05-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- syndicate of banks signatory thereto and Bank of America, N.A., as administrative agent
- Value
- $3.5 billion (plus a $1 billion accordion feature)
- Effective
- 2024-05-08
Exact text from the filing
On May 8, 2024, Waste Management, Inc. (the “Company”) amended and restated its revolving credit agreement with a syndicate of banks signatory thereto and Bank of America, N.A., as administrative agent (the “Agent”) (the “Credit Agreement") to extend the term and maintain available revolving credit
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