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Waste Connections plans two-part offering of notes due 2032, 2052
Chicago, Sept. 7 – Waste Connections, Inc. is planning to price a two-part offering of senior notes due 2032 and 2052, according to a 424B5 filing with the Securities and Exchange Commission.
Each series will be redeemable with a make-whole premium until the relevant par call date, a certain number of months before the maturity date.
Any change-of-control triggering event would mean the company would have to offer to repurchase the notes at 101.
BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG and Wells Fargo Securities, LLC are bookrunners for the notes.
U.S. Bank NA is the trustee.
Locke Lord LLP is advising the issuer regarding U.S. law. Bennett Jones LLP is advising about Canadian law.
Proceeds will be used, with borrowings under the company’s credit agreement, to repay the $1.5 billion outstanding of each series of private notes issued pursuant to Waste Connection’s master note purchase agreements.
The solid waste services company is based in The Woodlands, Tex.
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