Waste Management to redeem 6.375%, 7.125%, 7.375% senior notes in full

By Tali Rackner

Norfolk, Va., Dec. 19 – Waste Management, Inc. will redeem the entire outstanding principal amounts of its 6.375% senior notes due March 2015, 7.125% senior notes due December 2017 and 7.375% senior notes due March 2019, according to a press release.

The notes, with a total amount of $946.8 million, will be redeemed on Jan. 20.

The redemption price for each series will include a make-whole premium plus accrued interest up to, but excluding, the redemption date.

Waste Management plans to use cash on hand to fund the redemption.

The Bank of New York Mellon Trust Co., NA is the trustee.

The waste services company is based in Houston.

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