Waste Management Prices $500M Senior Notes

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.

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