Waste Management Prices Public Offering Of $1.50B Of Senior Notes
Portfolio Pulse from Benzinga Newsdesk
Waste Management has priced a public offering of $1.50 billion in senior notes, with $750 million due in 2027 and $750 million due in 2031. The proceeds will be used to repay borrowings under its commercial paper program and for general corporate purposes.
June 24, 2024 | 9:56 pm
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Waste Management has announced a public offering of $1.50 billion in senior notes, with $750 million due in 2027 and $750 million due in 2031. The proceeds will be used to repay borrowings under its commercial paper program and for general corporate purposes.
The issuance of senior notes will help Waste Management manage its debt more effectively by repaying borrowings under its commercial paper program. This move is likely to be viewed positively by investors as it demonstrates proactive financial management and could improve the company's liquidity position.
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