SECURE ANNOUNCES CLOSING OF $300 MILLION SENIOR UNSECURED NOTE FINANCING

Executive Summary

• SECURE Waste Infrastructure Corp. closed a $300 million senior unsecured note financing (5.75% notes due 2032) at par ($1,000 per $1,000 principal).
• Net proceeds will be used to repay existing indebtedness under the senior secured revolving credit facility and for general corporate purposes.
• The offering was underwritten by a syndicate led by BMO Capital Markets and National Bank Capital Markets, with multiple co‑lead managers and co‑managers participating.

Key Details

• Offering size: $300 million aggregate principal amount.
• Note terms: 5.75% senior unsecured notes due November 20, 2032; issued at $1,000 per $1,000 principal (yield 5.75%).
• Underwriters: Joint bookrunners – BMO Capital Markets and National Bank Capital Markets; co‑lead managers – ATB Capital Markets, CIBC Capital Markets, RBC Dominion Securities, Scotia Capital, TD Securities; co‑managers – Raymond James, Stifel Nicolaus Canada.
• Use of proceeds:
• Repayment of existing indebtedness under the corporation’s senior secured revolving credit facility.
• General corporate purposes.
• Placement structure: Private placement in Canada; U.S. sales to qualified institutional buyers under Rule 144A and offshore sales under Regulation S.
• Closing date: November 20, 2025.

Notable Quotes

(No executive quotes were included in the release.)