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 notes offering by Waste Connections, Inc. (“Waste Connections”) of $750 million aggregate principal amount of 4.2% Senior Notes due 2033, which closed on August 18, 2022. Waste Connections intends to use the net proceeds to repay a portion of the borrowings outstanding under its revolving credit facility provided under its credit agreement.
Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, along with resource recovery primarily through recycling and renewable fuels generation. Waste Connections serves more than eight million residential, commercial and industrial customers in mostly exclusive and secondary markets across 43 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., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.
The Simpson Thacher team included Roxane Reardon, Asha Amin and Haley O’Connor (Capital Markets); Jonathan Cantor (Tax); Larry Moss and Meredith Brenton (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Jessica Cohen and Suyoung Jang (Intellectual Property); and Jennie Getsin (FINRA).