Waste Management Prices $400 Million in Notes, Opens New Facility

Danielle Jackson

Houston -- Waste Management Inc. has priced a public offering of $400 million of 7-year, 6 1/2-percent, senior unsecured notes. Proceeds from the sale of the notes will be used to repay indebtedness maturing during the first quarter of 2002.

The company also has announced that its glass processing business, CRA-Recycle America, has opened a new glass recycling facility in Union City, Calif. The facility processes glass for Gallo Glass Co., a subsidiary of Union City-based E&Gallo Winery, and is designed to process up to 160,000 tons of three-mix glass annually.