#Canada #Senior Notes #Toronto #Investment #Waste Connections

Waste Connections Announces Pricing of $500 Million Senior Notes

Waste Connections, Inc., a prominent integrated solid waste services company, has announced the pricing of its senior notes offering totaling $500 million. These 5.25% Senior Notes are due in 2035 and have been priced at 99.874% of their face value. The announcement was made following the initial launch of its senior notes offering, reflecting Waste Connections’ proactive financial strategies.

The company expects the offering to close on June 4, 2025, pending customary closing conditions. After deducting underwriting fees and estimated expenses from the offering, Waste Connections anticipates net proceeds of approximately $495 million. The proceeds from the offering are primarily designated for repaying a portion of the outstanding borrowings under its revolving credit facility.

Financial Partners and Underwriting

BofA Securities, J.P. Morgan, PNC Capital Markets LLC, and Truist Securities are supporting Waste Connections in this endeavor as the joint book-running managers and underwriters for the offering. This collaboration showcases Waste Connections' ongoing efforts to manage its capital effectively and ensure financial stability while pursuing growth.

The offering is executed under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) on October 24, 2024. Interested investors can access the prospectus supplement and the accompanying base prospectus via the contacts listed in the press release or directly through SEC’s website.

A Commitment to Sustainability and Community Impact

Waste Connections is more than a waste management company; it is a key player in environmental sustainability. The company provides essential non-hazardous waste collection, transfer, and disposal services, alongside its commitment to resource recovery focused on recycling and renewable fuel generation. They serve around nine million residential, commercial, and industrial customers across 46 states in the U.S. and six provinces in Canada.

Additionally, Waste Connections operates within various sectors, including oilfield waste treatment and intermodal services, enhancing its operational capacity while also adhering to strong Environmental, Social and Governance (ESG) principles. The company views these initiatives as integral to long-term value creation while diligently working toward reducing emissions and increasing resource recovery.

Forward-Looking Statements

This announcement contains forward-looking statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (PSLRA), which outline the company's current beliefs and expectations regarding future events. However, potential risks and uncertainties could materially affect actual results, and Waste Connections advises stakeholders not to place undue reliance on such statements. The company underscores that it is under no obligation to update forward-looking statements unless required by relevant securities laws.

Conclusion

In conclusion, Waste Connections' strategic financial maneuvers through the senior notes offering not only underline its robust market position but also its dedication to sustainability and operational excellence. As the company continues to expand its footprint in the waste management sector, the successful pricing of its notes is a significant milestone that promises to bolster its financial framework for future initiatives. Investors and stakeholders alike are keeping a keen eye on Waste Connections as it navigates this phase of growth and development in the waste management industry.