---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-098609"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2024-09-10T23:59:59+00:00"
generated_at: "2026-05-31T05:46:56.798631+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-098609
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2024-09-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465924098609/0001104659-24-098609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465924098609/tm2423683d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-098609
- JSON: https://secwatch.observer/filing/0001104659-24-098609.json
- Plain text: https://secwatch.observer/filing/0001104659-24-098609.txt

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