Waste Connections Plans Public Stock Offering

Allan Gerlat, News Editor

March 2, 2012

1 Min Read
Waste360 logo in a gray background | Waste360

Waste Connections Inc. said it plans to make a public stock offering of 12 million common shares.

The Woodlands, Texas-based waste and recycling company said in a news release it intends to use the net proceeds to repay the unhedged portion of outstanding borrowings under its senior revolving credit facility. The firm will use any remaining net proceeds for general purposes, including possible acquisitions of additional assets or businesses, the repayment of other indebtedness, capital expenditures and increasing working capital.

Morgan Stanley is serving as the sole underwriter for the offering.

 

About the Author

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like