New Issue: Waste Connections sells $500 million 4.25% 10-year notes at 105 bps over Treasuries

By Cristal Cody

Tupelo, Miss., Nov. 6 – Waste Connections, Inc. sold $500 million 4.25% 10-year senior notes (Baa2/BBB+/BBB+) on Tuesday at a spread of 105 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.852 to yield 4.268%.

BofA Merrill Lynch, J.P. Morgan Securities LLC, MUFG and Wells Fargo Securities LLC were the bookrunners.

Proceeds will be used for general corporate purposes.

The natural gas transmission and production company is based in Houston.

Issuer:	Waste Connections, Inc.
Amount:	$500 million
Description:	Senior notes
Maturity:	Dec. 1, 2028
Bookrunners:	BofA Merrill Lynch, J.P. Morgan Securities LLC, MUFG and Wells Fargo Securities LLC
Co-managers:	CIBC World Markets Corp., PNC Capital Markets LLC, BBVA Securities Inc., Fifth Third Securities, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc., BB&T Capital Markets, Citizens Capital Markets, Inc. and Scotia Capital (USA) Inc.
Coupon:	4.25%
Price:	99.852
Yield:	4.268%
Spread:	Treasuries plus 105 bps
Call features:	Make-whole call before Sept. 1, 2028 at greater of par or Treasuries plus 20 bps; thereafter at par
Trade date:	Nov. 6
Settlement date:	Nov. 16
Ratings:	Moody’s: Baa2
	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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