Business
WASTE CONNECTIONS ANNOUNCES PRICING OF $500 MILLION OF SENIOR NOTES
Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it has priced an underwritten public offering (the "Offering") of $500 million aggregate principal amount of its 5.25% Senior Notes due 2035 (the "Notes") at a price to the public of 99.874% of their face value. The Offering is expected to close on June 4, 2025, subject to customary closing conditions. Net proceeds to Wa
About this update from Waste Connections, Inc.
[{"type":"text","content":"TORONTO, May 28, 2025 /CNW/ -- Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it has priced an underwritten public offering (the "Offering") of $500 million aggregate principal amount of its 5.25% Senior Notes due 2035 (the "Notes") at a price to the public of 99.874% of their face value. The Offering is expected to close on June 4, 2025, subject to customary closing conditions. Net proceeds to Waste Connections from the Offering are expected to be approximately $495 million, after deducting underwriting fees and estimated Offering expenses, and are expected to be used to repay a portion of the borrowings outstanding under its revolving credit facility.","length":844,"tagName":"p"},{"type":"image","alt":"Waste Connections logo. (PRNewsFoto/Waste Connections, Inc.) (PRNewsFoto/WASTE CONNECTIONS_ INC_)","displaySize":"","headline":null,"caption":"Waste Connections logo. (PRNewsFoto/Waste Connections, Inc.) (PRNewsFoto/WASTE CONNECTIONS_ INC_)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":214,"url":"https://media.zenfs.com/en/cnwgroup.com/39ad022af6dd44282df773e9335f7abc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MBibR5yBRQRdrD6l4NMIFQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3NztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/39ad022af6dd44282df773e9335f7abc","width":400,"height":214}},"href":"https://mma.prnewswire.com/media/37848/waste_connections__inc__logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 U.S. Securities and Exchange Commission (the "SEC") on October 24, 2024 (the "Registration Statement"). Copies of the prospectus supplement and the accompanying base prospectus for the Offering may be obtained by contacting BofA Securities, Inc. at 201 North Tryon Street, NC1-022-02-25, Charlotte, NC 28255-0001, Attention: Prospectus Department, at [email protected] or by telephone at 1-800...