Waste Management Announces the Redemption of Special Mandatory Redemption Notes
July 15 2020 - 8:05AM
Business Wire
Waste Management, Inc. (NYSE:WM) announced today that, because
its pending acquisition of Advanced Disposal Services, Inc. (NYSE:
ADSW) was not completed on or prior to July 14, 2020, it will
redeem the entire $3 billion aggregate outstanding principal amount
of its 2.950% Senior Notes due 2024, 3.200% Senior Notes due 2026,
3.450% Senior Notes due 2029 and 4.000% Senior Notes due 2039
(collectively, the “Notes”) as required by the special mandatory
redemption provisions of the Notes. The redemption date for the
Notes is July 20, 2020. The redemption price for each series of the
Notes will consist of the sum equal to 101% of the aggregate
principal amount of such series of the Notes, plus accrued but
unpaid interest on the principal amount of such series of the Notes
to, but not including, the redemption date.
Notices of redemption are being sent to all currently registered
holders of the Notes. For more information, holders of the Notes
may call The Bank of New York Mellon Trust Company, N.A., the
Trustee, 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 and subsequent reports
on Form 10-Q.
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston, Texas, is the leading
provider of comprehensive waste management environmental services
in North America. Through its subsidiaries, Waste Management
provides collection, transfer, disposal services, and recycling and
resource recovery. It is also a leading developer, operator and
owner of landfill gas-to-energy facilities in the United States.
Waste Management’s customers include residential, commercial,
industrial, and municipal customers throughout North America. To
learn more information about Waste Management, visit
www.wm.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200715005457/en/
Waste Management
Web site www.wm.com
Analysts Ed Egl 713.265.1656 eegl@wm.com
Media Andy Izquierdo 832.710.5287 aizquierdo@wm.com
Waste Management (NYSE:WM)
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