WM launches exchange offer for Stericycle's $500M 3.875% Notes due 2029, part of pending merger

WASTE MANAGEMENT INC

WM offers to exchange any and all of $500M aggregate principal of Stericycle's 3.875% Senior Notes due 2029 for new WM Notes.
Early tender by Sept 23, 2024, yields $1,000 WM Notes per $1,000 SRCL Notes plus cash consideration of $2.50–$5.00.
Late tenders (after Sept 23 to Oct 8) receive $970 WM Notes per $1,000 SRCL Notes, no cash consideration.
Consent solicitation seeks majority consent to eliminate restrictive covenants; exchange conditioned on merger consummation.
WM Notes carry same interest rate, maturity, and payment dates as SRCL Notes but differ in redemption provisions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.