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     117  0 Kommentare WM Announces Pricing of $1.5 Billion Senior Notes

    Waste Management, Inc. (NYSE: WM) (“WM” or the “Company”) today announced that it has priced a public offering of $1,500,000,000 aggregate principal amount of senior notes under an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”), as follows:

    • $750,000,000 aggregate principal amount of 4.950% senior notes due July 3, 2027; and
    • $750,000,000 aggregate principal amount of 4.950% senior notes due July 3, 2031.

    The notes will be fully and unconditionally guaranteed by the Company’s wholly owned subsidiary, Waste Management Holdings, Inc. The notes have been assigned ratings of A- by Standard & Poor’s, A- by Fitch and A3 by Moody’s.

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    The offering is expected to close on July 3, 2024, subject to the satisfaction of closing conditions. The Company intends to use the net proceeds from the offering to repay borrowings under its commercial paper program used for working capital, which is fully supported by the Company’s $3.5 billion revolving credit facility, and the remainder, if any, for general corporate purposes.

    BNP Paribas Securities Corp., SMBC Nikko Securities America, Inc., Truist Securities, Inc., Wells Fargo Securities, LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC and U.S. Bancorp Investments, Inc. are acting as joint book-running managers of the offering. In addition, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Academy Securities, Inc., Loop Capital Markets LLC, Siebert Williams Shank & Co., LLC and Stern Brothers & Co. are acting as co-managers of the offering. Copies of the final prospectus supplement and related prospectus for this offering may be obtained by visiting EDGAR on the SEC website at www.sec.gov or, upon request, from any of the joint book-running managers at: BNP Paribas Securities Corp., by mail: Attn: Debt Syndicate, 787 Seventh Avenue, 3rd Floor, New York, NY 10019, by phone at 1 (800) 854-5674 or by email at DL.US.Syndicate.Support@us.bnpparibas.com; SMBC Nikko Securities America, Inc., by mail: Attn: Debt Capital Markets, 277 Park Avenue, New York, NY 10172 or by phone at 1 (888) 868-6856; Truist Securities, Inc., by mail: Attn: Investment Grade Debt Capital Markets, 3333 Peachtree Road NE, 11th Floor, by phone at 1 (800) 685-4786 or by email at TruistSecurities.prospectus@Truist.com; or Wells Fargo Securities, LLC, by mail: Attn: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, by phone at 1 (800) 645-3751 or by email at wfscustomerservice@wellsfargo.com.

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    WM Announces Pricing of $1.5 Billion Senior Notes Waste Management, Inc. (NYSE: WM) (“WM” or the “Company”) today announced that it has priced a public offering of $1,500,000,000 aggregate principal amount of senior notes under an effective shelf registration statement previously filed with the …