Waste Management Announces Expiration and Final Results of Cash Tender Offer
Issuer | Title of Security |
CUSIP |
Principal Amount |
Principal Amount |
Percentage of Outstanding |
||||||||||
WMH(2) | 7.10% Notes due 2026 | 92929QAQ0 | $304,378,000 | $55,480,000 | 18.23% | ||||||||||
WM | 7.00% Senior Notes due 2028 | 902917AH6 | $394,869,000 | $64,450,000 | 16.32% | ||||||||||
WM | 7.375% Senior Notes due 2029 | 94106LAG4 | $139,152,000 | $58,047,000 | 41.71% | ||||||||||
WM | 7.75% Senior Notes due 2032 | 94106LAN9 | $210,385,000 | $57,449,000 | 27.31% | ||||||||||
WM | 6.125% Senior Notes due 2039 | 94106LAV1 | $273,575,000 | $21,772,000 | 7.96% | ||||||||||
(1) | No notes were tendered through the guaranteed delivery procedures. | ||
(2) | 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. | ||
Waste Management expects to accept for payment all notes validly
tendered and not validly withdrawn in the tender offer and expects to
make payment for the notes in same-day funds on
Waste Management executed this tender offer to reduce its future debt obligations.
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/20190521005307/en/
Source:
Analysts
Ed Egl
713.265.1656
eegl@wm.com
Media
Tiffiany Moehring
720.346.5372
tmoehrin@wm.com