Simpson Thacher represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, in connection with the registered bond offering by Waste Connections, Inc. (“Waste Connections”) of $600 million aggregate principal amount of 2.6% Senior Notes due 2030, which closed on January 23, 2020. Waste Connections intends to use the net proceeds to repay a portion of the borrowings outstanding under its revolving credit facility and for general corporate purposes.
Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the United States and Canada. Through its R360 Environmental Solutions subsidiary, Waste Connections is also a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the Permian, Bakken and Eagle Ford Basins. Waste Connections serves more than six million residential, commercial, industrial, and exploration and production customers in 42 states in the U.S., and six provinces in Canada. Waste Connections also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.
The Simpson Thacher team includes Roxane Reardon and John O’Connell (Capital Markets); Jonathan Cantor and Brian Mendick (Tax); Larry Moss and Kerri Thompson (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Marcela Robledo and Melanie Jolson (Intellectual Property); and Jennie Getsin and Andrew Pagliughi (FINRA).