Waste Management said Stag Merger Sub Inc., its wholly owned indirect subsidiary, merged with and into Stericycle on November 4, 2024, with Stericycle surviving, and that Stericycle therefore became a wholly owned indirect subsidiary of the company.

1. 01

   Waste Management said Stag Merger Sub Inc., its wholly owned indirect subsidiary, merged with and into Stericycle on November 4, 2024, with Stericycle surviving, and that Stericycle therefore became a wholly owned indirect subsidiary of the company.

2. 02

   The company said that on November 8, 2024, $14,584,000 aggregate principal amount of Stericycle's $500 million 3.875% Senior Notes due 2029 were validly tendered and accepted, that those notes were retired and canceled, and that $485,416,000 aggregate principal amount remains outstanding.

3. 03

   Waste Management said it issued $485,084,000 aggregate principal amount of 3.875% Senior Notes due 2029 (the WM Notes) on November 8, 2024 in connection with the settlement of the exchange offer and consent solicitation. It said the notes are fully and unconditionally guaranteed by its wholly owned subsidiary Waste Management Holdings, Inc.

4. 04

   The company said that under the Registration Rights Agreement, if the registered exchange offer is not completed by November 9, 2025, or another Registration Default occurs, it will pay additional interest on the WM Notes at 0.25% per annum starting the day after the default.

Analysis 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.

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.