Waste Management completes $485.4M exchange of Stericycle Notes for new WM Notes

WASTE MANAGEMENT INC

Exchanged $485.4M of Stericycle 3.875% Senior Notes due 2029 for $485.1M of WM 3.875% Senior Notes due 2029 and cash.
$14.6M of Stericycle Notes remain outstanding; restrictive covenants eliminated via consent solicitation.
Registration Rights Agreement requires WM to file exchange offer or shelf; 0.25% additional interest if not completed by Nov 9, 2025.
WM Notes are senior unsecured and guaranteed by Waste Management Holdings, Inc.
Exchange is part of Stericycle merger completed on November 4, 2024.

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.