Secure Waste closes $300-million note financing

Executive Summary

• Secure Waste Infrastructure Corp. has closed a $300 million private placement of senior unsecured notes.
• The notes carry a 5.75% interest rate and mature on November 20, 2032.
• Net proceeds will be used to repay existing indebtedness under the company's senior secured revolving credit facility and for general corporate purposes.

Key Details

• Transaction Size: $300 million aggregate principal amount of senior unsecured notes.
• Interest Rate: 5.75% per annum.
• Maturity Date: November 20, 2032.
• Issue Price: $1,000 per $1,000 principal amount of notes.
• Yield: 5.75%.
• Use of Proceeds: Repayment of existing indebtedness under the corporation's senior secured revolving credit facility and for general corporate purposes.
• 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, and TD Securities.
  • Co-Managers: Raymond James and Stifel Nicolaus Canada.
• Offering Structure: Private placement in Canada pursuant to prospectus exemptions; offered in the U.S. to qualified institutional buyers under Rule 144A and offshore under Regulation S.

Notable Quotes

• None provided in the text.