Waste Connections, Inc. announced that it plans to proceed, subject to market and other conditions, to offer senior notes due 2050 in an underwritten public 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 and a portion of the borrowings outstanding under its term loan and for general corporate purposes.

Following the announcement of the launch of a senior notes offering, Waste Connections also announced it has priced an underwritten public offering of $500 million in aggregate principal amount of 3.05 percent senior notes due 2050 at a price to the public of 98.525 percent of their face value.

The offering is expected to close on March 13, subject to customary closing conditions. Net proceeds to Waste Connections from the offering are expected to be approximately $487 million, after deducting underwriting fees and estimated offering expenses, and are expected to be used to repay a portion of the company’s borrowings outstanding under its revolving credit facility and a portion of the borrowings outstanding under its term loan and for general corporate purposes.

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 (SEC) on May 25, 2018. Copies of the preliminary prospectus supplement and the accompanying base prospectus for the offering may be obtained by contacting BofA Securities, Inc. Copies of the preliminary prospectus supplement and the accompanying base prospectus for the offering will also be available on the SEC’s website.