secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115866
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465924115866/0001104659-24-115866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465924115866/tm2427884d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115866

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