By Lisa Kerner
Charlotte, N.C., Oct. 26 - Waste Connections, Inc. sold $175 million principal amount of senior unsecured notes in a private placement with institutional investors, according to a company news release.
The notes mature on Nov. 1, 2019 and have a fixed interest rate of 5.25% per year.
The company said proceeds from the sale will be used to reduce borrowings under its senior unsecured revolving credit facility and for general corporate purposes.
Waste Connections is a Folsom, Calif.-based solid waste services company.
| Issuer: | Waste Connections, Inc.
|
| Issue: | Senior unsecured notes
|
| Amount: | $175 million
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| Maturity: | Nov. 1, 2019
|
| Coupon: | 5.25%
|
| Distribution: | Private placement
|
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