Latham & Watkins Advises Waste Connections in Its US$750 Million Upsized Public Offering of Senior Notes
Waste Connections, Inc. (TSX/NYSE: WCN) (Waste Connections) has announced that it has priced an underwritten public offering (the “Offering”) of US$750 million aggregate principal amount of its 4.2% Senior Notes due 2033 at a price to the public of 99.728% of their face value. The Offering is expected to close on August 18, 2022, subject to customary closing conditions. Net proceeds to Waste Connections from the Offering are expected to be approximately US$741 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 provided under its credit agreement.
Latham & Watkins LLP represents Waste Connections in the offering with a corporate deal team led by Houston partners John Greer and Ryan Lynch, with Houston associates Om Pandya, Anthony Tan, Carlyle Reid, and Brian Bruzzo. Advice was also provided on finance matters by Houston partners Matt Jones and Craig Kornreich, with Houston associates Max Fin and Michael Basist; on tax matters by New York partners Jocelyn Noll and Bora Bozkurt, with London associate Ted Gkoo; on environmental matters by Los Angeles counsel Aron Potash, with Los Angeles associate Nick Eberhart; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum.