Waste Management prepays term loan with new note proceeds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 9 – On Aug. 4 Waste Management, Inc. completed the prepayment of all borrowings and interest under its $1 billion, two-year term loan credit agreement dated May 27, 2022 with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The agreement was scheduled to mature in 2024.

The company used the proceeds from a two-part offering of senior notes due 2029 and 2034, which closed on Aug. 3, to prepay the loans.

Waste Management is a Houston-based provider of waste collection, transfer, recycling and resource recovery and disposal 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.