Waste Management Amends Credit Agreement to Adjust EBIT/EBITDA Definitions for Covenant Calculation

WASTE MANAGEMENT INC

On March 20, 2026, Waste Management entered into Amendment No. 2 to its Seventh Amended and Restated Revolving Credit Agreement.
The amendment modifies EBIT and EBITDA definitions to add back equity-based compensation and interest accretion as non-cash items.
The changes are intended to enhance comparability with industry peers for the leverage ratio covenant under Section 9.
Bank of America acted as Administrative Agent; multiple banks including JPMorgan, Barclays, and Mizuho are parties.
The amendment also involves Waste Management of Canada Corporation, WM Quebec Inc., and Waste Management Holdings as Guarantor.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

WASTE MANAGEMENT INC amended Seventh Amended and Restated Revolving Credit Agreement with Bank of America, N.A. valued at Amendment No. 2 modifies definitions of EBIT and EBITDA to allow add back of equity-based compensati (effective 2026-03-20).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: Amendment No. 2 modifies definitions of EBIT and EBITDA to allow add back of equity-based compensati
Effective: 2026-03-20

Exact text from the filing

On March 20, 2026, Waste Management, Inc. (the “ Company ”) entered into Amendment No. 2 (the “ Amendment ”) to its Seventh Amended and Restated Revolving Credit Agreement dated May 8, 2024 (as amended and restated, the “ Credit Agreement ”) among the Company, Waste Management of Canada Corporation and WM Quebec Inc., as the Borrowers, Waste Management Holdings, Inc., as Guarantor, the banks party thereto from time to time, and Bank of America, N.A., as Administrative Agent.

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Source: SEC EDGAR

accession 0001104659-26-034537

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