Waste Connections, Inc. has announced its plans to offer senior unsecured notes in an underwritten public offering. The company intends to utilize the net proceeds from the offering, combined with cash on hand, to repay a portion of the borrowings outstanding under its revolving credit facility.
The offering will be made through joint book-running managers and underwriters, including BofA Securities, J.P. Morgan, PNC Capital Markets LLC, and Truist Securities. Waste Connections will proceed with the offering subject to market and other conditions.
Waste Connections, a company providing integrated solid waste services, serves approximately nine million residential, commercial, and industrial customers across 46 states in the U.S. and six provinces in Canada. The company also offers non-hazardous oilfield waste treatment, recovery, and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.
The press release did not include specific financial metrics or comparisons to the previous period. As a result of these announcements, the company's shares have moved -0.31% on the market, and are now trading at a price of $167.11. Check out the company's full 8-K submission here.
