Following the previous announcement of the launch of a senior notes offering, Toronto-based Waste Connections Inc. announced March 4 that it has priced an underwritten public offering of $500 million in aggregate principal amount of 3.05 percent senior notes due 2050 at a price to the public of 98.525 percent of their face value.
The offering is expected to close on March 13, subject to customary closing conditions. Net proceeds to Waste Connections from the offering are expected to be approximately $487 million, after deducting underwriting fees and estimated offering expenses, and are expected to be used to repay a portion of the company's borrowings outstanding under its revolving credit facility and a portion of the borrowings outstanding under its term loan and for general corporate purposes.
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