Waste Management Announces Pricing Of $2B Senior Notes; $750M Aggregate Principal Amount Of 4.875% Due February 15, 2029; $1.25B Aggregate Principal Amount Of 4.875% Due February 15, 2034
Portfolio Pulse from Happy Mohamed
Waste Management, Inc. (NYSE:WM) has priced a public offering of $2 billion aggregate principal amount of senior notes. The notes, guaranteed by Waste Management Holdings, Inc., have been assigned ratings of A- by Standard & Poor's, BBB+ by Fitch and Baa1 by Moody's. The offering is expected to close on August 3, 2023. The proceeds will be used to repay borrowings and for general corporate purposes.
July 27, 2023 | 10:37 pm
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POSITIVE IMPACT
Waste Management's $2 billion senior notes offering could help the company reduce its debt and fund its operations, potentially improving its financial health.
The proceeds from the offering will be used to repay borrowings and for general corporate purposes. This could reduce the company's debt burden and provide it with additional funds for its operations, potentially improving its financial health and making it more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100