New Issue: Waste Management sells $950 million two-part offering of notes due 2029, 2041

Chicago, April 28 – Waste Management, Inc. sold $950 million of notes in a two-part offering with maturities in 2029 and 2041 (Baa1/A-/BBB+), according to a press release.

The two tranches are: $475 million of 2% senior notes due June 1, 2029 and $475 million of 2.95% senior notes due June 1, 2041.

The notes feature a make-whole call and then a par call.

Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to fund a tender offer to purchase for cash certain senior notes.

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

Issuer:	Waste Management, Inc.
Issue:	Senior notes
Amount:	$950 million
Bookrunners:	Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities LLC
Co-managers:	BofA Securities, Inc., Barclays, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Scotia Capital (USA) Inc., PNC Capital Markets LLC, Truist Securities, Inc., Loop Capital Markets LLC, Academy Securities, Inc., Siebert Williams Shank & Co., LLC and Stern Brothers & Co.
Trade date:	April 28
Settlement date:	May 12
Ratings:	Moody’s: Baa1
	S&P: A-
	Fitch: BBB+
Distribution:	SEC registered
2029 notes
Amount:	$475 million
Maturity:	June 1, 2029
Coupon:	2%
2041 notes
Amount:	$475 million
Maturity:	June 1, 2041
Coupon:	2.95%

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