secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001104659-24-059949
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/0001104659-24-059949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465924059949/tm2412128d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059949

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