Waste Connections to call floating-rate convertibles

By Angela McDaniels

Seattle, March 14 - Waste Connections Inc. plans to repurchase its floating-rate convertible subordinated notes due 2022 after May 7, according to a company news release.

The company said it will use some of the proceeds from an upcoming $175 million sale of convertible senior notes due 2026 to temporarily reduce borrowing under its credit facility, before withdrawing new borrowings under the facility to fund the redemption.

Waste Connections is an integrated solid waste services company based in Folsom, Calif.

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