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WASTE CONNECTIONS ANNOUNCES PRICING OF $500 MILLION OF SENIOR NOTES
WCNWaste nections(WCN) Prnewswire·2025-05-28 20:38

Core Viewpoint - Waste Connections, Inc. has announced a public offering of 500millioninseniornoteswitha5.25500 million in senior notes with a 5.25% interest rate, set to close on June 4, 2025, primarily to repay existing borrowings [1][2]. Group 1: Offering Details - The offering consists of 500 million aggregate principal amount of 5.25% Senior Notes due 2035, priced at 99.874% of their face value [1]. - Net proceeds from the offering are expected to be approximately $495 million after deducting underwriting fees and estimated expenses [1]. - The offering is being managed by BofA Securities, J.P. Morgan, PNC Capital Markets LLC, and Truist Securities [2]. Group 2: Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, serving around nine million customers across 46 U.S. states and six Canadian provinces [4]. - The company also engages in resource recovery through recycling and renewable fuels generation, and offers non-hazardous oilfield waste treatment services [4]. - Waste Connections emphasizes its Environmental, Social, and Governance (ESG) initiatives as essential to its long-term value creation strategy [4].