TORONTO, Aug. 4, 2022
/PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste
Connections" or the "Company") announced today that it plans to
proceed, subject to market and other conditions, to offer senior
notes (the "Notes") in an underwritten public offering (the
"Offering"). The Notes will be senior unsecured obligations of the
Company. Waste Connections intends to use the net proceeds
from this offering to repay a portion of the borrowings outstanding
under its revolving credit facility provided under its credit
agreement.
BofA Securities, J.P. Morgan, MUFG and Wells Fargo Securities
are acting as joint book-running managers and underwriters for the
Offering. The Offering will be made pursuant to an effective shelf
registration statement filed with the U.S. Securities and Exchange
Commission (the "SEC") on September 1,
2021 (the "Registration Statement"). Copies of the
preliminary prospectus supplement and the accompanying base
prospectus for the Offering may be obtained by contacting BofA
Securities, Inc. at 200 North College Street, 3rd Floor,
Charlotte, North Carolina
28255-0001, Attention: Prospectus Department, toll-free at
1-800-294-1322 or at dg.prospectus_requests@bofa.com, J.P. Morgan
Securities LLC at 383 Madison Avenue, New
York, New York, 10179, Attn: Investment Grade Syndicate
Desk, 3rd Floor, or by telephone at (212) 834-4533, MUFG Securities
Americas Inc. at 1221 Avenue of the Americas, 6th Floor,
New York, New York 10020,
Attention: Capital Markets Group, or toll-free at 877-649-6848 or
Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000,
Minneapolis, Minnesota 55402,
Attn: WFS Customer Service, toll-free at 1-800-645-3751 or at
wfscustomerservice@wellsfargo.com. Copies of the preliminary
prospectus supplement and the accompanying base prospectus for the
Offering will also be available on the SEC's website at
http://www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other securities,
nor will there be any offer, solicitation or sale of the Notes or
any other securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Waste Connections
Waste Connections is an integrated solid waste services company
that provides non-hazardous waste collection, transfer and disposal
services, along with resource recovery primarily through recycling
and renewable fuels generation. Waste Connections serves more
than eight million residential, commercial and industrial customers
in mostly exclusive and secondary markets across 43 states in the
U.S. and six provinces in Canada. Waste Connections also
provides non-hazardous oilfield waste treatment, recovery and
disposal services in several basins across the U.S., as well as
intermodal services for the movement of cargo and solid waste
containers in the Pacific Northwest.
Safe Harbor and Forward-Looking Information
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995 ("PSLRA"), including
"forward-looking information" within the meaning of applicable
Canadian securities laws. These forward-looking statements are
neither historical facts nor assurances of future performance and
reflect Waste Connections' current beliefs and expectations
regarding future events, including the potential Offering and the
Company's use of proceeds. These forward-looking statements are
often identified by the words "may," "might," "believes," "thinks,"
"expects," "estimate," "continue," "intends" or other words of
similar meaning. All of the forward-looking statements included in
this press release are made pursuant to the safe harbor provisions
of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve
risks, assumptions and uncertainties. Important factors that could
cause actual results to differ, possibly materially, from those
indicated by the forward-looking statements include, but are not
limited to, risk factors detailed in the preliminary prospectus
supplement and the accompanying base prospectus, which are both a
part of the Registration Statement, the Company's Annual Report on
Form 10-K for the fiscal year ended December
31, 2021 and the Company's Quarterly Reports on Form
10-Q for the quarters ended March 31,
2022 and June 30, 2022, and
those risk factors set forth from time to time in the Company's
other filings with the SEC and the securities commissions or
similar regulatory authorities in Canada. You should not place undue reliance on
forward-looking statements, which speak only as of the date of this
press release. Waste Connections undertakes no obligation to
update the forward-looking statements set forth in this press
release, whether as a result of new information, future events, or
otherwise, unless required by applicable securities laws.
CONTACT:
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Mary Anne Whitney /
(832) 442-2253
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Joe Box / (832) 442-2153
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maryannew@wasteconnections.com
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joe.box@wasteconnections.com
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SOURCE Waste Connections, Inc.