Waste Connections Issues Senior Notes Due 2033 and 2036
Waste Connections, Inc., a leading provider of non-hazardous waste collection and disposal services, has announced plans to offer two series of Canadian dollar-denominated senior notes due in 2033 and 2036. The offering will be conducted through an underwritten public offering in the U.S. and private placement in Canadian provinces.
The company intends to use net proceeds from the offering, along with cash on hand, to repay a portion of its Canadian dollar-denominated borrowings outstanding under its revolving credit facility. CIBC Capital Markets, Scotiabank, and TD Securities will act as joint book-running managers and underwriters for the offering.
The notes will be senior unsecured obligations of Waste Connections, with no specific details provided on interest rates or yields. The company serves approximately nine million residential, commercial, and industrial customers across 46 U.S. states and six Canadian provinces.