TORONTO, March 2, 2022 /CNW/ -- Waste Connections, Inc.
(TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced
today that it plans to proceed, subject to market and other
conditions, to offer senior notes (the "Notes") in an underwritten
public offering (the "Offering"). The Notes will be senior
unsecured obligations of the Company. Waste Connections
intends to use the net proceeds from this offering to repay a
portion of the borrowings outstanding under its revolving credit
facility provided under its credit agreement.
BofA Securities, J.P. Morgan, MUFG and Wells Fargo Securities
are acting as joint book-running managers and underwriters for the
Offering. The Offering will be made pursuant to an effective shelf
registration statement filed with the U.S. Securities and Exchange
Commission (the "SEC") on September 1,
2021 (the "Registration Statement"). Copies of the
preliminary prospectus supplement and the accompanying base
prospectus for the Offering may be obtained by contacting BofA
Securities, Inc. at 200 North College Street, 3rd Floor,
Charlotte, North Carolina
28255-0001, Attention: Prospectus Department, toll-free at
1-800-294-1322 or at firstname.lastname@example.org, J.P. Morgan
Securities LLC at 383 Madison Avenue, New
York, New York, 10179, Attn: Investment Grade Syndicate
Desk, 3rd Floor, or by telephone at (212) 834-4533, MUFG Securities
Americas Inc. at 1221 Avenue of the Americas, 6th Floor,
New York, New York 10020,
Attention: Capital Markets Group, or toll-free at 877-649-6848 or
Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000,
Minneapolis, Minnesota 55402,
Attn: WFS Customer Service, toll-free at 1-800-645-3751 or at
email@example.com. Copies of the preliminary
prospectus supplement and the accompanying base prospectus for the
Offering will also be available on the SEC's website at
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Notes or any other securities,
nor will there be any offer, solicitation or sale of the Notes or
any other securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Waste Connections
Waste Connections is an integrated solid waste services company
that provides non-hazardous waste collection, transfer and disposal
services, along with resource recovery primarily through recycling
and renewable fuels generation. Waste Connections serves more than
eight million residential, commercial and industrial customers in
mostly exclusive and secondary markets across 43 states in the U.S.
and six provinces in Canada. Waste
Connections also provides non-hazardous oilfield waste treatment,
recovery and disposal services in several basins across the U.S.,
as well as intermodal services for the movement of cargo and solid
waste containers in the Pacific Northwest.
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995 ("PSLRA"), including
"forward-looking information" within the meaning of applicable
Canadian securities laws. These forward-looking statements are
neither historical facts nor assurances of future performance
and reflect Waste Connections' current beliefs and
expectations regarding future events, including the potential
Offering and the Company's use of proceeds. These forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans," "may," "might," "will," "believes,"
"expects," "estimates," "intends," "could," "should," "anticipates"
or the negative thereof or comparable terminology, although not all
forward-looking statements contain these identifying words.
All of the forward-looking statements included in this press
release are made pursuant to the safe harbor provisions of the
PSLRA and applicable Canadian securities laws.
Forward-looking statements involve risks, assumptions and
uncertainties. Important factors that could cause actual results to
differ, possibly materially, from those indicated by the
forward-looking statements include, but are not limited to, risk
factors detailed in the preliminary prospectus supplement and the
accompanying base prospectus, which are both a part of the
Registration Statement, the Company's Annual Report on Form 10-K
for the fiscal year ended December 31,
2021 and those risk factors set forth from time to time in
the Company's other filings with the SEC and the securities
commissions or similar regulatory authorities in Canada. You
should not place undue reliance on forward-looking statements,
which speak only as of the date of this press release. Waste
Connections undertakes no obligation to update the forward-looking
statements set forth in this press release, whether as a result of
new information, future events, or otherwise, unless required by
applicable securities laws.
Mary Anne Whitney /
Joe Box / (832)
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SOURCE Waste Connections, Inc.