---
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"
generated_at: "2026-06-02T04:27:57.014295+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Waste Management amends credit facility to $3.5B, extends maturity to 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-059949
- JSON: https://secwatch.observer/filing/0001104659-24-059949.json
- Plain text: https://secwatch.observer/filing/0001104659-24-059949.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/0001104659-24-059949-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/0001104659-24-059949-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.