Waste Connections to issue $500 million notes

By Lisa Kerner

Charlotte, N.C., July 28 – Waste Connections, Inc. intends to issue and sell $500 million of senior notes in a private placement on Aug. 20, according to a 10-Q filing with the Securities and Exchange Commission.

The 2015A notes will be issued as $125 million of 3.09% notes due Aug. 20, 2022 and $375 million of 3.41% notes due Aug. 20, 2025.

Proceeds will be used to reduce borrowings under the company’s credit facility and for general corporate purposes, including acquisitions.

Waste Connections is a Folsom, Calif.-based solid waste services company.

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