TORONTO, Feb. 15, 2024 /CNW/ -- Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it has priced an underwritten public offering (the "Offering") of $750 million aggregate principal amount of its 5.000% Senior Notes due 2034 (the "Notes") at a price to the public of 98.835% of their face value. The Offering is expected to close on February 21, 2024, subject to customary closing conditions. Net proceeds to Waste Connections from the Offering are expected to be approximately $734.2 million, after deducting underwriting fees and estimated Offering expenses, and are expected to be used to repay a portion of the borrowings outstanding under its revolving credit facility and a portion of the term loan outstanding under its term credit facility, in each case provided under its credit agreement.
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