Waste Connections plans a C$ senior notes offering to repay credit facility borrowings. The two-series deal is led by CIBC, Scotiabank and TD.
Alpha Score of 45 reflects weak overall profile with weak momentum, moderate value, moderate quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Waste Connections plans to sell two series of Canadian dollar-denominated senior notes due 2033 and 2036, the company said Tuesday. Proceeds, combined with cash on hand, will repay a portion of Canadian-dollar borrowings under its revolving credit facility.
CIBC Capital Markets, Scotiabank and TD Securities are joint book-running managers. The offering will be made in the U.S. under an effective shelf registration filed with the SEC in October 2024, and on a private placement basis in Canada.
The company serves about nine million residential, commercial and industrial customers across 46 U.S. states and six Canadian provinces. It also provides non-hazardous oilfield waste treatment and intermodal cargo and solid waste container services in the Pacific Northwest.
Waste Connections, an integrated solid waste services company focused on collection, transfer, disposal by rail, recycling and renewable fuels, has an Alpha Score of 45 out of 100, a Mixed label in the Industrials sector.
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