Waste Connections, Inc. Announces Senior Notes Offering
September 07, 2021 at 09:44 am EDT
Share
Waste Connections, Inc. announced that it plans to proceed, subject to market and other conditions, to offer two series of senior notes due 2032 and 2052, respectively (the "Notes"), in an underwritten public offering (the "Offering"). The Notes will be senior unsecured obligations of the Company. Waste Connections intends to use the net proceeds from this offering, together with borrowings under its revolving credit facility provided under its credit agreement, to repay the $1.5 billion aggregate principal amount outstanding of each series of its senior notes issued pursuant to its master note purchase agreements.
Waste Connections, Inc. is a Canada-based integrated solid waste services company. The Company provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery through recycling and renewable fuels generation. The Company's segments include Southern, Western, Central, Eastern, Canada and MidSouth. Its residential services include residential garbage pickup, residential yard waste, residential recycling, residential dumpster rental, bulk pickup, and portable toilets. Its commercial services include commercial business waste collection, commercial recycling, shredding, commercial roll off dumpster rental, and others. It also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the United States, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. It serves over nine million residential, commercial and industrial customers.