Waste Management repays $3 billion 364-day revolver entered in July

By Wendy Van Sickle

Columbus, Ohio, Nov. 18 – Waste Management, Inc. terminated on Tuesday its 364-day $3 billion revolving credit facility agreement with Mizuho Bank, Ltd. as administrative agent dated July 28, according to an 8-K filing with the Securities and Exchange Commission.

The revolver was due to mature on July 27, 2021 and was guaranteed by subsidiary Waste Management Holdings, Inc.

All existing debt under the credit agreement was repaid in full with the proceeds from the company’s issuance and sale of $2.5 billion of senior notes that closed on Tuesday.

Waste Management is a Houston-based provider of waste management environmental services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.