Waste Connections Prices C$700M Senior Notes Offering
Waste Connections (WCN) has successfully priced a senior unsecured notes offering totaling Canadian $700 million. The issuance is divided into two tranches: the first for C$300 million with an interest rate of 4.200% due in 2033, and the second for C$400 million at 4.650%, maturing in 2036. The notes are being offered to institutional investors under a private placement structure. The company will use proceeds from this offering primarily for general corporate purposes, including potential acquisitions or debt refinancing. This move reflects Waste Connections' strategy of leveraging its strong credit profile and favorable market conditions to raise capital at competitive rates.
Tickers: $WCN
Topics: capital raising debt issuance senior notes