Latham & Watkins Advises Waste Connections in US$750 Million Senior Notes Offering

Waste Connections, Inc. (TSX/NYSE: WCN) (Waste Connections or the Company) announced that it has priced an underwritten public offering (the Offering) of US$750 million aggregate principal amount of its 5.000% Senior Notes due 2034 (the Notes) at a price to the public of 98.835% of their face value. The Offering is expected to close on February 21, 2024, subject to customary closing conditions. Net proceeds to Waste Connections from the Offering are expected to be approximately US$734.2 million, after deducting underwriting fees and estimated Offering expenses, and are expected to be used to repay a portion of the borrowings outstanding under its revolving credit facility and a portion of the term loan outstanding under its term credit facility, in each case provided under its credit agreement.

Latham & Watkins LLP represents Waste Connections in the transaction with a corporate team led by Houston partners John Greer and Ryan Lynch, with associates Bryan Ryan, Brian Bruzzo, and Molly Elkins. Advice was also provided on finance matters by Houston partner Matt Jones and Houston/New York partner Craig Kornreich, with associates Max Fin and Michael Basist; on tax matters by New York partners Jocelyn Noll and Bora Bozkurt, with associate Ted Gkoo; on environmental matters by Los Angeles partner Aron Potash, with associate Nick Eberhart; and on benefits matters by Washington, D.C. partner Adam Kestenbaum.