debt
confidence high
sentiment neutral
materiality 0.55
Waste Connections prices C$500M of 4.50% Senior Notes due 2029, net proceeds ~C$495M to repay revolver
Waste Connections, Inc.
- C$500M aggregate principal of 4.50% Senior Notes due 2029 priced at 99.933% of face value.
- Offering expected to close June 13, 2024, subject to customary closing conditions.
- Net proceeds approximately C$495M after underwriting fees and estimated expenses.
- Proceeds to repay a portion of Canadian dollar-denominated borrowings under revolving credit facility.
- Notes are senior unsecured obligations; joint bookrunners: CIBC, TD Securities, Scotiabank.