miami waste management company
September 6, 2012Waste Management Inc. is selling $500 million of 2.9% senior notes, the Houston-based solid waste management company said.
The company plans to use net proceeds from the offering to repay $400 million in outstanding 6.375% senior notes that mature in November along with accrued and unpaid interest on those notes.
Remaining proceeds will be used for “general corporate purposes, including additions to working capital and capital expenditures,” the company said in a statement.
Waste Management expects the offering to close Sept. 12.
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