Waste Management prices $1.5 billion debt offering via issuance of senior notes

Waste Management (NYSE:WM) has priced a public offering of $1.5 billion principal amount of senior notes, which includes $750 million principal amount of 4.950% senior notes due July 3, 2027; and $750 million principal amount of 4.950% senior notes due July 3, 2031.
The notes will be guaranteed by the company’s wholly owned subsidiary, Waste Management Holdings, Inc.
The offering is expected to close on July 3, 2024.
The company intends to use the net proceeds from the offering to repay borrowings under its commercial paper program used for working capital, and the remainder, if any, for general corporate purposes.