AI English summary of an SEC filing — figures as filed
Waste Management WMThe company said it commenced and priced underwritten public offerings of 4.950% Senior Notes due 2027 and 4.950% Senior Notes due 2031, each in an aggregate principal amount of $750,000,000, on June 24, 2024. The offerings were made under a registration statement on Form S-3 (No. 333-264493).
Key points
AI summaryThe company said it commenced and priced underwritten public offerings of 4.950% Senior Notes due 2027 and 4.950% Senior Notes due 2031, each in an aggregate principal amount of $750,000,000, on June 24, 2024. The offerings were made under a registration statement on Form S-3 (No. 333-264493).
The company said the notes will be fully and unconditionally guaranteed by its wholly owned subsidiary Waste Management Holdings, Inc. (WM Holdings). It entered into an underwriting agreement on June 24, 2024 with BNP Paribas Securities Corp., SMBC Nikko Securities America, Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters.
The company said some underwriters or their affiliates are dealers under its commercial paper program and may receive 5% or more of the net proceeds from the offering through repayment of commercial paper borrowings. The company said the program is fully supported by its $3.5 billion revolving credit facility.
The company said closing of the issuance and sale of the notes is expected on July 3, 2024, subject to customary closing conditions. It said the notes will be issued on September 10, 1997 under the indenture, and the terms of each series will be set forth in an officers' certificate delivered at closing.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
4.950% Senior Notes due 2027 and 2031 Priced at $750,000,000 Each
The company said it commenced and priced underwritten public offerings of 4.950% Senior Notes due 2027 and 4.950% Senior Notes due 2031, each in an aggregate principal amount of $750,000,000, on June 24, 2024. The offerings were made under a registration statement on Form S-3 (No. 333-264493).
Source · Based on the filing body and exhibits
WM Holdings Guarantee and 4 Lead Underwriters
The company said the notes will be fully and unconditionally guaranteed by its wholly owned subsidiary Waste Management Holdings, Inc. (WM Holdings). It entered into an underwriting agreement on June 24, 2024 with BNP Paribas Securities Corp., SMBC Nikko Securities America, Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters.
Source · Based on the filing body and exhibits
Possible Receipt of 5% or More of Net Proceeds by Some Underwriters
The company said some underwriters or their affiliates are dealers under its commercial paper program and may receive 5% or more of the net proceeds from the offering through repayment of commercial paper borrowings. The company said the program is fully supported by its $3.5 billion revolving credit facility.
Source · Based on the filing body and exhibits
Notes Expected to Close on July 3, 2024 and Issue Under Indenture
The company said closing of the issuance and sale of the notes is expected on July 3, 2024, subject to customary closing conditions. It said the notes will be issued on September 10, 1997 under the indenture, and the terms of each series will be set forth in an officers' certificate delivered at closing.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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