Latham & Watkins Advises Waste Connections in C$500 Million Senior Notes Offering

Waste Connections, Inc. (TSX/NYSE: WCN) (Waste Connections) announced that it has priced an underwritten public offering in the US and by way of private placement in each of the provinces of Canada (the Offering) of C$500 million aggregate principal amount of its 4.50% Senior Notes due 2029 at a price to the public of 99.933% of their face value. The Offering is expected to close on June 13, 2024, subject to customary closing conditions. Net proceeds to Waste Connections from the Offering are expected to be approximately C$495 million, after deducting underwriting fees and estimated Offering expenses, and are expected to be used to repay a portion of the Canadian dollar-denominated borrowings outstanding under its revolving credit facility provided under its credit agreement.

Latham & Watkins LLP represents Waste Connections in the offering with a corporate team led by Houston partners John Greer and Ryan Lynch, with associates Brian Bruzzo, Molly Elkins, and Mary Kline. Advice was also provided on tax matters by New York partners Jocelyn Noll and Bora Bozkurt, with associate Tessa Young; and on benefits matters by New York partner Adam Kestenbaum.