debt
confidence high
sentiment neutral
materiality 0.60
Waste Management prices $5.2B multi-tranche senior notes offering
WASTE MANAGEMENT INC
- $5.2B total: $1B 4.500% '28, $700M 4.650% '30, $750M 4.800% '32, $1.5B 4.950% '35, $1.25B 5.350% '54.
- Closing expected Nov 4, 2024; WM Holdings provides full unconditional guarantee.
- Proceeds to repay outstanding borrowings under term credit agreement and commercial paper program.
- Underwriters: J.P. Morgan, Barclays, Deutsche Bank, Goldman Sachs, Mizuho, Scotia Capital.
- Certain underwriters or affiliates may receive 5%+ of net proceeds from repayment of existing credit facilities.