Waste Connections’ $600 Million Notes Offering


Latham & Watkins acted as special counsel to Waste Connections, Bennett Jones acted as counsel in Ontario to Waste Connections, while Simpson Thacher represented the underwriters in the offering.

Waste Connections, Inc. completed its registered bond offering 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.

BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC, CIBC World Markets Corp., PNC Capital Markets LLC, BBVA Securities Inc., Fifth Third Securities, Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc., Citizens Capital Markets, Inc., Scotia Capital (USA) Inc. acted as underwriters for the offering.

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 included Roxane Reardon (Picture) 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).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Roxane Reardon – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Kerri Thompson – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; BBVA Securities Inc.; CIBC World Markets Corp.; Citizens Capital Markets; Fifth Third Securities, Inc.; J.P. Morgan Securities LLC; MUFG Securities Americas Inc. ; PNC Capital Markets LLC; Scotia Capital Inc.; SunTrust Robinson Humphrey, Inc.; TD Securities; U.S. Bancorp Investments; Wells Fargo Securities;