Waste Connections prices $600M senior note offering

Executive Summary

• Waste Connections Inc. priced a $600 million senior note offering at 99.732% of face value, generating net proceeds of approximately $593 million.
• The 4.800% notes mature in 2036 and will be used, together with cash on hand, to repay a portion of the company’s revolving credit facility.
• Closing of the underwritten public offering is expected on March 16, 2026, subject to customary conditions.

Key Details

• Offering size: $600 million aggregate principal amount of 4.800% senior notes due 2036.
• Pricing: 99.732% of face value (to the public).
• Net proceeds: Approximately $593 million after underwriting fees and estimated offering expenses.
• Use of proceeds: Repayment of a portion of borrowings outstanding under Waste Connections’ revolving credit facility, supplemented by cash on hand.
• Closing date: Expected to close on March 16, 2026, subject to customary closing conditions.
• Underwriters / Joint book‑running managers: BofA Securities Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, and Truist Securities Inc.
• Regulatory basis: Offering made pursuant to an effective shelf registration statement filed with the SEC on Oct. 24, 2024.

Notable Quotes

(No executive quotes were included in the release.)