Waste Management Announces Consideration for Cash Tender Offer
The consideration for each
Issuer |
Title of |
CUSIP |
Principal Amount |
Reference U.S. |
Reference |
Bloomberg |
Fixed |
Consideration | ||||||||||||||||
WMH(1) | 7.10% Notes due 2026 | 92929QAQ0 | $304,378,000 |
2.375% U.S. Treasury due |
2.416% | FIT1 | 85 bps | $1,243.83 | ||||||||||||||||
WM | 7.00% Senior Notes due 2028 | 902917AH6 | $394,869,000 |
2.375% U.S. Treasury due |
2.416% | FIT1 | 95 bps | $1,283.94 | ||||||||||||||||
WM | 7.375% Senior Notes due 2029 | 94106LAG4 | $139,152,000 |
2.375% U.S. Treasury due |
2.416% | FIT1 | 100 bps | $1,332.35 | ||||||||||||||||
WM | 7.75% Senior Notes due 2032 | 94106LAN9 | $210,385,000 |
2.375% U.S. Treasury due |
2.416% | FIT1 | 110 bps | $1,438.15 | ||||||||||||||||
WM |
6.125% Senior Notes due 2039 | 94106LAV1 | $273,575,000 |
3.00% U.S. Treasury due |
2.837% | FIT1 | 115 bps | $1,297.69 |
_______ |
||
(1) |
WMH is a wholly owned subsidiary of Waste Management, Inc. WMH has fully and unconditionally guaranteed all the senior notes issued by Waste Management, Inc. and Waste Management, Inc. has fully and unconditionally guaranteed the notes issued by WMH. |
The offers are made pursuant to an Offer to Purchase dated
The tender offer will expire at
Waste Management has retained
Waste Management has also retained Global Bondholder Services Corporation to serve as the Depositary and Information Agent for the tender offer.
The tender offer is being made only pursuant to the terms and conditions
contained in the Offer to Purchase, Letter of Transmittal and Notice of
Guaranteed Delivery, copies of which may be obtained from Global
Bondholder Services Corporation by telephone at (866) 470-3700
(toll-free) or for banks and brokers, at (212) 430-3774 (Banks and
Brokers Only) or in writing at
Copies of the Offer to Purchase, Letter of Transmittal and Notice of Guaranteed Delivery are also available at the following web address: https://gbsc-usa.com/registration/wm
This press release is neither an offer to purchase nor a solicitation of an offer to sell any notes in the tender offer.
None of
Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. Factors that could cause actual results to
differ materially from those expressed or implied by the forward-looking
statements in this press release are discussed in our Annual Report on
Form 10-K for the year ended
About Waste Management
Waste Management, based in Houston,
View source version on businesswire.com: https://www.businesswire.com/news/home/20190520005773/en/
Source:
Waste Management
Analysts
Ed Egl
713.265.1656
eegl@wm.com
Media
Tiffiany Moehring
720.346.5372
tmoehrin@wm.com