98) Op BUS Sep 05 2012 17:10:00
✓ BUS 17:10 Waste Management Announces Pricing of $500 Million Senior Notes
✓ BN 17:10 *WASTE MGMT REPORTS PRICING OF $500M SR NOTES
Waste Management Announces Pricing of $500 Million Senior Notes 91) ☆
Waste Management Announces Pricing of $500 Million Senior Notes
Business Wire
HOUSTON -- September 05, 2012
Waste Management, Inc. WM today announced that it has priced an
underwritten public offering of $500 million aggregate principal amount of
2.90% senior notes due September 15, 2022 under an effective shelf
registration statement previously filed with the Securities and Exchange
Commission. The notes will be fully and unconditionally guaranteed by the
company's wholly-owned subsidiary, Waste Management Holdings, Inc. The notes
have been assigned ratings of BBB by both Standard & Poor's and Fitch and Baa3
by Moody's.
The offering is expected to close on Sept. 12, 2012. The company plans to use
the net proceeds of the offering to repay the $400 million principal amount of
its outstanding 6.375% senior notes when they mature in November, plus accrued
and unpaid interest on those notes. All remaining proceeds will be used for
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in