WASTE CONNECTIONS ANNOUNCES PRICING OF $500 MILLION OF SENIOR NOTES
Waste Connections (NYSE: WCN) has announced the pricing of a $500 million senior notes offering with a 5.25% interest rate, due in 2035. The notes are priced at 99.874% of face value, with the offering expected to close on June 4, 2025. The company anticipates net proceeds of approximately $495 million after deducting fees and expenses, which will be used to repay a portion of its revolving credit facility borrowings.
The offering is being managed by joint book-runners BofA Securities, J.P. Morgan, PNC Capital Markets LLC, and Truist Securities. Waste Connections operates as an integrated solid waste services company, serving about nine million customers across 46 U.S. states and six Canadian provinces.
Waste Connections (NYSE: WCN) ha annunciato il prezzo di un'offerta di obbligazioni senior da 500 milioni di dollari con un tasso di interesse del 5,25%, con scadenza nel 2035. Le obbligazioni sono quotate al 99,874% del valore nominale e si prevede che l'offerta si concluda il 4 giugno 2025. L'azienda prevede un ricavo netto di circa 495 milioni di dollari dopo la detrazione di commissioni e spese, che sarà utilizzato per rimborsare una parte dei prestiti del suo revolving credit facility.
L'offerta è gestita congiuntamente dai bookrunner BofA Securities, J.P. Morgan, PNC Capital Markets LLC e Truist Securities. Waste Connections opera come società integrata di servizi per i rifiuti solidi, servendo circa nove milioni di clienti in 46 stati degli Stati Uniti e sei province canadesi.
Waste Connections (NYSE: WCN) ha anunciado la fijación del precio de una oferta de bonos senior por 500 millones de dólares con una tasa de interés del 5,25%, con vencimiento en 2035. Los bonos se cotizan al 99,874% del valor nominal y se espera que la oferta cierre el 4 de junio de 2025. La compañÃa anticipa ingresos netos de aproximadamente 495 millones de dólares después de deducir comisiones y gastos, que se utilizarán para pagar una parte de los préstamos de su lÃnea de crédito revolvente.
La oferta está siendo gestionada por los coordinadores conjuntos BofA Securities, J.P. Morgan, PNC Capital Markets LLC y Truist Securities. Waste Connections opera como una empresa integrada de servicios de residuos sólidos, atendiendo a unos nueve millones de clientes en 46 estados de EE.UU. y seis provincias canadienses.
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Waste Connections (NYSE : WCN) a annoncé la tarification d'une émission d'obligations senior de 500 millions de dollars avec un taux d'intérêt de 5,25 %, échéant en 2035. Les obligations sont cotées à 99,874 % de leur valeur nominale, et la clôture de l'offre est prévue pour le 4 juin 2025. La société prévoit des produits nets d'environ 495 millions de dollars après déduction des frais et dépenses, qui seront utilisés pour rembourser une partie de ses emprunts au titre de sa facilité de crédit renouvelable.
L'offre est gérée conjointement par les chefs de file BofA Securities, J.P. Morgan, PNC Capital Markets LLC et Truist Securities. Waste Connections opère en tant qu'entreprise intégrée de services de gestion des déchets solides, desservant environ neuf millions de clients dans 46 États américains et six provinces canadiennes.
Waste Connections (NYSE: WCN) hat die Preisfestsetzung für eine Senior-Notes-Emission in Höhe von 500 Millionen US-Dollar mit einem Zinssatz von 5,25 % und Fälligkeit im Jahr 2035 bekannt gegeben. Die Anleihen werden zu 99,874 % des Nennwerts begeben, der Abschluss der Emission wird für den 4. Juni 2025 erwartet. Das Unternehmen rechnet mit Nettoerlösen von etwa 495 Millionen US-Dollar nach Abzug von Gebühren und Kosten, die zur Rückzahlung eines Teils der revolvierenden Kreditfazilität verwendet werden sollen.
Die Emission wird von den gemeinsamen Bookrunnern BofA Securities, J.P. Morgan, PNC Capital Markets LLC und Truist Securities betreut. Waste Connections ist ein integriertes Unternehmen für Entsorgungsdienstleistungen und betreut etwa neun Millionen Kunden in 46 US-Bundesstaaten und sechs kanadischen Provinzen.
- Company secures $495 million in net proceeds to refinance existing debt
- Long-term debt structure with 10-year maturity provides financial stability
- Fixed interest rate of 5.25% helps manage interest rate risk
- Additional long-term debt obligation could increase financial burden
- Interest payments of 5.25% will impact cash flow
Insights
Waste Connections' $500M note issuance strategically extends debt maturity while locking in fixed-rate financing amid uncertain rate environment.
Waste Connections'
What's particularly significant is the purpose: using the
The pricing at
While this transaction will not significantly alter their overall debt load, it improves their debt profile by reducing short-term obligations. For a capital-intensive business like waste management, having predictable, long-term financing in place enables management to focus on operational execution rather than near-term refinancing needs. The strategic timing ahead of any potential economic uncertainty demonstrates prudent financial management.
BofA Securities, J.P. Morgan, PNC Capital Markets LLC and Truist Securities are acting as joint book-running managers and underwriters for the Offering. The Offering is being made pursuant to an effective shelf registration statement filed with the
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor will there be any offer, solicitation or sale of the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Â
About Waste Connections
Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the
Safe Harbor and Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the
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SOURCE Waste Connections, Inc.