HOUSTON--(BUSINESS WIRE)--Oct. 31, 2017--
Waste Management, Inc. (NYSE:WM) announced today that it will redeem the
entire outstanding principal amount of its 6.10% Senior Notes due 2018
(the “Notes”). The redemption date for the Notes is November 30, 2017.
The aggregate principal amount of the Notes outstanding is $590 million.
The redemption price for the Notes will include accrued and unpaid
interest on the Notes up to the redemption date and a make-whole
premium, which will be calculated three business days prior to the
redemption date in accordance with the terms of the Notes and related
indenture. Waste Management plans to use proceeds from its previously
announced issuance of $750 million 3.150% Senior Notes due 2027, which
is scheduled to close on November 8, 2017, to fund the redemption of the
Notes.
Notices of redemption are being sent to all currently registered holders
of the Notes by the Trustee, The Bank of New York Mellon Trust Company,
N.A. For more information, holders of the Notes may call The Bank of New
York Mellon at 1-800-254-2826. This press release is not an offer to
sell or a solicitation of an offer to buy any securities.
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 most recent Annual
Report on Form 10-K.
ABOUT WASTE MANAGEMENT
Waste Management, Inc., based in Houston, Texas, is the leading provider
of comprehensive waste management services in North America. Through its
subsidiaries, the company provides collection, transfer, recycling and
resource recovery, and disposal services. It is also a leading
developer, operator and owner of landfill gas-to-energy facilities in
the United States. The company’s customers include residential,
commercial, industrial, and municipal customers throughout North
America. To learn more information about Waste Management visit www.wm.com
or www.thinkgreen.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171031006598/en/
Source: Waste Management
Waste Management
Analysts
Ed Egl, 713.265.1656
eegl@wm.com
or
Media
Toni
Beck, 713.394-5093
tbeck3@wm.com
Web
site
www.wm.com
