#USA #Longwood #Waste Pro #revenue bonds #solid waste disposal

Waste Pro USA, Inc. Issues $200 Million in Solid Waste Disposal Revenue Bonds

On November 13, 2025, Waste Pro USA, Inc. announced a significant milestone in the form of solid waste disposal revenue bonds totaling $200 million. This financial move positions the company for continued growth and stability in the waste management sector. The issuance includes bonds from three states: Florida, Louisiana, and Mississippi, showcasing Waste Pro's regional impact and robustness.

Breakdown of the Bonds

The bonds are categorized into three segments:

• - Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds: $75 million with a fixed interest rate of 4.450% maturing in 2037.
• - Louisiana Public Facilities Authority Solid Waste Disposal Revenue Bonds: $75 million and a slightly lower interest rate of 4.375% maturing in 2053.
• - Mississippi Business Finance Corporation Solid Waste Disposal Revenue Bonds: $50 million also at 4.375%, maturing in 2048.

Each set of bonds comes with guarantees from various Waste Pro subsidiaries, ensuring security for investors and a strong foundation for Waste Pro's ongoing operations.

A Testament to Financial Stability

Sean Jennings, the CEO of Waste Pro, highlighted the company’s impressive growth trajectory, stating that it has expanded from a single truck operation in 2001 to a fleet of over 4,300 vehicles today, with annual revenues surpassing $1.2 billion. This expansion has been bolstered by nearly 300 municipal contracts and strategic acquisitions that continue to foster Waste Pro’s market dominance in the southeastern United States.

Cort Sabina, the CFO, emphasized how the investment community’s enthusiasm for Waste Pro reflects a profound trust in its financial viability and strategic growth outlook. The Series 2025 bonds were met with overwhelming interest, indicating strong market confidence and visibility within the investment community. Such tax-exempt bonds constitute a crucial element of Waste Pro's capital architecture.

Strategic Advisors and Market Position

The bond issuance was managed by Barclays Capital Inc., while BofA Securities, Inc. and J.P. Morgan Securities LLC co-managed the process. CTBH Partners LLC provided financial advisory services to Waste Pro, and Greenberg Traurig served as legal counsel, ensuring a comprehensive support structure throughout the bond issuance process.

The Road Ahead

With the $200 million bonds, Waste Pro aims to sustain its growth momentum, maintaining its robust operational performance across ten southeastern states. With more than 2.5 million residential and 50,000 commercial customers, the company remains dedicated to delivering efficient waste management services while exploring further opportunities for market expansion.

As Waste Pro continues to leverage its strong pipeline of potential contracts and acquisitions, the recent bond issuance stands as a clear testament to its strategic foresight and operational excellence in the waste management industry. The firm’s commitment to providing exceptional service and taking on new challenges in environmental sustainability remains a priority as it looks towards the future.

In conclusion, Waste Pro USA's latest bond issuance not only represents a financial triumph but also reinforces its status as a leader in the waste management sector, poised for ongoing success in the years to come.