Simpson Thacher represented the underwriters, led by CIBC World Markets Inc., TD Securities Inc. and Scotia Capital Inc. in connection with the notes offering by Waste Connections, Inc. (“Waste Connections”) of C$500 million aggregate principal amount of 4.50% Senior Notes due 2029, which closed on June 13, 2024. Waste Connections intends to use the net proceeds to repay a portion of the CAD-denominated borrowings outstanding under its revolving credit agreement.
Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance ("ESG") efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement.
The Simpson Thacher team included Roxane Reardon, Melissa Lewis and Emily Anne Owen (Capital Markets); Jonathan Cantor and Sean Largey (Tax); Larry Moss and Meredith Brenton (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Bobbie Burrows (Intellectual Property); and Jennie Getsin (FINRA).