Waste Connections repays all $1.5 billion outstanding senior notes

By William Gullotti

Buffalo, N.Y., Sept. 20 – Waste Connections, Inc. announced the repayment of all outstanding senior notes under its master note purchase agreements, according to a press release Monday.

According to the press release, the company repaid an aggregate principal amount of $1.5 billion for notes with maturities ranging from 2022 to 2027.

Proceeds for the repayment came from the company’s recently completed registered offering of $650 million of 2.2% senior notes due 2032 and $850 million of 2.95% senior notes due 2052 plus incremental borrowings under its revolving credit facility.

The repayment, along with the associated make-whole premium and related fees, is expected to reflect a charge of approximately $115 million in its third-quarter 2021 financial results.

The solid waste services company is based in The Woodlands, Tex.

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