secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2026-03-25T23:59:59+00:00
Accession:  0001104659-26-034537
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465926034537/0001104659-26-034537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465926034537/tm269616d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-034537

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