{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-059949","form_type":"8-K","ticker":"WM","cik":"0000823768","company_name":"WASTE MANAGEMENT INC","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.083381+00:00","generated_at":"2026-06-02T04:27:57.014295+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Waste Management amends credit facility to $3.5B, extends maturity to 2029","bullets":["Total commitment remains $3.5B with a $1B accordion feature; maturity extended to May 8, 2029.","Two one-year extension options available; no borrowings outstanding at closing.","$872M in commercial paper borrowings supported by the facility; $2.4B unused capacity.","Financial covenant: max total debt/EBITDA ratio of 3.75:1, rising to 4.25:1 for up to 3 quarters after large acquisitions.","Facility also includes a $100M swing line sub-facility and permits up to $375M in Canadian-dollar borrowings."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-059949","json":"https://secwatch.observer/filing/0001104659-24-059949.json","markdown":"https://secwatch.observer/filing/0001104659-24-059949.md","text":"https://secwatch.observer/filing/0001104659-24-059949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/0001104659-24-059949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/tm2412128d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:27:57.014295+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b76d0833441d99933fc9ed6406cdc7909987d54c","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/0001104659-24-059949-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$3.5 billion (plus a $1 billion accordion feature)"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"SOFR plus applicable margin ranging from .585% to 1.025% per annum"},{"label":"Maturity","value":"May 8, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"c57cf7d6905d6a7e72650fc6bca3433ea9d9ed4c","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/0001104659-24-059949-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"syndicate of banks signatory thereto and Bank of America, N.A., as administrative agent"},{"label":"Value","value":"$3.5 billion (plus a $1 billion accordion feature)"},{"label":"Effective","value":"2024-05-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}