UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): December 19, 2014
Waste Management, Inc.
(Exact name of Registrant as Specified in its Charter)
| Delaware | 1-12154 | 73-1309529 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. employer identification number) |
| 1001 Fannin, Suite 4000 Houston, Texas |
77002 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone number, including area code: (713) 512-6200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On December 19, 2014, Waste Management, Inc. (the “Company”) announced that it will redeem the entire outstanding principal amount of its 6.375% Senior Notes due March 2015, 7.125% Senior Notes due December 2017 and 7.375% Senior Notes due March 2019 (the “Notes”). The redemption date for the Notes is January 20, 2015. The aggregate principal amount of the Notes outstanding is $946.8 million. The redemption price for each series of Notes will include 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, plus accrued and unpaid interest on the Notes up to, but excluding, the redemption date. The Company plans to use cash on hand to fund the redemption of the Notes, pending consideration of potential debt refinancings.
A copy of the press release announcing the redemption is filed as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit |
||
| 99.1 | Press Release dated December 19, 2014 regarding Notes Redemption. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| WASTE MANAGEMENT, INC. | ||||||
| Date: December 19, 2014 | ||||||
| By: | /s/ Courtney A. Tippy | |||||
| Name: Courtney A. Tippy | ||||||
| Title: Corporate Secretary | ||||||
Exhibit Index
| Exhibit |
Description | |
| 99.1 | Press Release dated December 19, 2014 regarding Notes Redemption. | |
EXHIBIT 99.1
| FOR IMMEDIATE RELEASE
| ||
| Waste Management Announces the Redemption of Senior Notes Due in 2015, 2017, and 2019
|
FOR MORE INFORMATION
Waste Management
Web site www.wm.com
Analysts Ed Egl 713.265.1656 eegl@wm.com
Media Toni Beck 713.394-5093 tbeck3@wm.com | |
| HOUSTON — December 19, 2014 — Waste Management, Inc. (NYSE:WM) announced today that it will redeem the entire outstanding principal amount of its 6.375% Senior Notes due March 2015, 7.125% Senior Notes due December 2017, and 7.375% Senior Notes due March 2019 (the “Notes”). The redemption date for the Notes is January 20, 2015. The aggregate principal amount of the Notes outstanding is $946.8 million. The redemption price for each series of Notes will include 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, plus accrued and unpaid interest on the Notes up to, but excluding, the redemption date. Waste Management plans to use cash on hand to fund the redemption of the Notes, pending consideration of potential debt refinancings.
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. |
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