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Title of Each Class of
Securities to be Registered |
| | |
Offering
Price |
| | |
Registration
Fee(1) |
| ||||||
2.00% Senior Notes due 2029
|
| | | | $ | 475,000,000 | | | | | | $ | 51,822.50 | | |
Guarantee of 2029 Notes(2)
|
| | | | | — | | | | | | | — | | |
2.95% Senior Notes due 2041
|
| | | | $ | 475,000,000 | | | | | | $ | 51,822.50 | | |
Guarantee of 2041 Notes(2)
|
| | | | | — | | | | | | | — | | |
Total
|
| | | | $ | 950,000,000 | | | | | | $ | 103,645 | | |
| | |
2029 Notes
|
| |
2041 Notes
|
| ||||||||||||||||||
| | |
Per Note
|
| |
Total
|
| |
Per Note
|
| |
Total
|
| ||||||||||||
Public Offering Price(1)
|
| | | | 99.992% | | | | | $ | 474,962,000 | | | | | | 99.488% | | | | | $ | 472,568,000 | | |
Underwriting Discount
|
| | | | 0.425% | | | | | $ | 2,018,750 | | | | | | 0.750% | | | | | $ | 3,562,500 | | |
Proceeds to Us (excluding expenses)
|
| | | | 99.567% | | | | | $ | 472,943,250 | | | | | | 98.738% | | | | | $ | 469,005,500 | | |
| Credit Suisse | | |
Goldman Sachs & Co. LLC
|
| |
Wells Fargo Securities
|
|
| BofA Securities | | |
Barclays
|
| |
J.P. Morgan
|
|
| Mizuho Securities | | |
Scotiabank
|
| |
PNC Capital Markets LLC
|
|
| Truist Securities | | |
Loop Capital Markets
|
| |
Academy Securities
|
|
| Siebert Williams Shank | | | | | |
Stern
|
|
| | |
Page
|
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| | | | S-1 | | | |
| | | | S-6 | | | |
| | | | S-9 | | | |
| | | | S-10 | | | |
| | | | S-12 | | | |
| | | | S-23 | | | |
| | | | S-27 | | | |
| | | | S-33 | | | |
| | | | S-33 | | | |
| | | | S-34 | | |
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Page
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| | | | 18 | | | |
| | | | 18 | | |
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March 31, 2021
|
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| | |
Actual
|
| |
As Adjusted(a)
|
| ||||||
| | |
(Unaudited, Dollars in millions)
|
| |||||||||
Cash and Cash Equivalents
|
| | | | 476 | | | | | | 1,416 | | |
Debt: | | | | | | | | | | | | | |
Commercial paper program(b)
|
| | | | 1,534 | | | | | | 1,534 | | |
$3.5 billion revolving credit facility(b)(c)
|
| | | | — | | | | | | — | | |
Senior notes, maturing through 2050
|
| | | | 8,465 | | | | | | 8,465 | | |
Canadian senior notes, C$500 million maturing September 2026(d)
|
| | | | 398 | | | | | | 398 | | |
2.00% Senior Notes due 2029 offered hereby (including unamortized
discount) |
| | | | — | | | | | | 475 | | |
2.95% Senior Notes due 2041 offered hereby (including unamortized
discount) |
| | | | — | | | | | | 475 | | |
Tax-exempt bonds, maturing through 2048(e)
|
| | | | 2,547 | | | | | | 2,547 | | |
Financing leases and other, maturing through 2085
|
| | | | 627 | | | | | | 627 | | |
Debt issuance costs, discounts and other(f)
|
| | | | (83) | | | | | | (83) | | |
Total debt
|
| | | | 13,488 | | | | | | 14,438 | | |
Equity: | | | | | | | | | | | | | |
Waste Management, Inc. Stockholders’ Equity: | | | | | | | | | | | | | |
Common stock, $0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares issued
|
| | | | 6 | | | | | | 6 | | |
Additional paid-in capital
|
| | | | 5,071 | | | | | | 5,071 | | |
Retained earnings
|
| | | | 11,337 | | | | | | 11,337 | | |
Accumulated other comprehensive income (loss)
|
| | | | 48 | | | | | | 48 | | |
Treasury stock at cost, 208,200,661 shares
|
| | | | (9,035) | | | | | | (9,035) | | |
Total Waste Management, Inc. stockholders’ equity
|
| | | | 7,427 | | | | | | 7,427 | | |
Noncontrolling interests
|
| | | | 2 | | | | | | 2 | | |
Total equity
|
| | | | 7,429 | | | | | | 7,429 | | |
Total debt and equity
|
| | | | 20,917 | | | | | | 21,867 | | |
Underwriters
|
| |
Principal
Amount of 2029 Notes |
| |
Principal
Amount of 2041 Notes |
| ||||||
Credit Suisse Securities (USA) LLC
|
| | | $ | 61,750,000 | | | | | $ | 61,750,000 | | |
Goldman Sachs & Co. LLC
|
| | | | 61,750,000 | | | | | | 61,750,000 | | |
Wells Fargo Securities, LLC
|
| | | | 61,750,000 | | | | | | 61,750,000 | | |
BofA Securities, Inc.
|
| | | | 40,375,000 | | | | | | 40,375,000 | | |
Barclays Capital Inc.
|
| | | | 40,375,000 | | | | | | 40,375,000 | | |
J.P. Morgan Securities LLC
|
| | | | 40,375,000 | | | | | | 40,375,000 | | |
Mizuho Securities USA LLC
|
| | | | 40,375,000 | | | | | | 40,375,000 | | |
Scotia Capital (USA) Inc.
|
| | | | 40,375,000 | | | | | | 40,375,000 | | |
PNC Capital Markets LLC
|
| | | | 30,875,000 | | | | | | 30,875,000 | | |
Truist Securities, Inc.
|
| | | | 30,875,000 | | | | | | 30,875,000 | | |
Loop Capital Markets LLC
|
| | | | 11,875,000 | | | | | | 11,875,000 | | |
Academy Securities, Inc.
|
| | | | 4,750,000 | | | | | | 4,750,000 | | |
Siebert Williams Shank & Co., LLC
|
| | | | 4,750,000 | | | | | | 4,750,000 | | |
Stern Brothers & Co.
|
| | | | 4,750,000 | | | | | | 4,750,000 | | |
Total
|
| | | $ | 475,000,000 | | | | | $ | 475,000,000 | | |
SEC Filing (Our SEC File Number is 1-12154)
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Date Filed
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The portions of our proxy statement for our 2021 annual meeting of stockholders incorporated by reference in our Annual Report on Form 10-K for the year ended December 31, 2020
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SEC Filing (Our SEC File Number is 1-12154)
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Date Filed
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Annual Report on Form 10-K for the year ended December 31, 2018
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Quarterly Report on Form 10-Q for the quarter ended March 31, 2019
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Current Report on Form 8-K
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Current Report on Form 8-K
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The portions of our proxy statement for our 2019 annual meeting of stockholders incorporated by reference in our Annual Report on Form 10-K for the year ended December 31, 2018 | | | | |
Description of our Common Stock on Form 8-B, as we may update that description from time to time | | | |