Waste Management intends to offer fixed-rate senior notes due 2032

By Devika Patel

Knoxville, Tenn., April 28 – Waste Management, Inc. plans to price dollar-denominated fixed-rate senior notes due 2032, according to a 424B3 filing with the Securities and Exchange Commission.

The notes feature a make-whole call until three months prior to maturity and then a par call.

The securities will be guaranteed by wholly owned subsidiary Waste Management Holdings, Inc.

Barclays, BofA Securities Inc., Deutsche Bank Securities Inc., MUFG and Scotia Capital (USA) Inc. are the bookrunners.

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

Counsel for the issuer is provided by Baker Botts LLP and for the underwriters by Gibson, Dunn & Crutcher LLP.

Proceeds will be used to redeem the company’s $500 million of 2.9% senior notes due 2022.

Waste Management is a Houston-based provider of waste management environmental services.

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