Waste Management Makes $500 Million Offering of Senior Notes

Allan Gerlat, News Editor

September 6, 2012

1 Min Read
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Waste Management Inc. is making a public offering of $500 million of 2.90 percent senior notes.

The Houston-based Waste Management said in a news release it plans to use the proceeds to repay the $400 million principal amount plus interest of its outstanding 6.375 percent senior notes when they mature in November.

The company expects the offering to close Sept. 12. It is for notes due Sept. 15. The notes have been assigned ratings of BBB by both Standard & Poor’s and Fitch and Baa3 by Moody’s.

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.

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