Summary
Republic Services, Inc. (RSG) has filed an 8-K report on June 22, 2016, to announce the pricing of a $500 million offering of 2.900% senior notes due 2026. This offering aims to raise significant capital, with the closing expected around July 5, 2016, subject to standard closing conditions. The company has entered into an Underwriting Agreement with Barclays Capital Inc., J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives for the underwriters. These notes are registered under the Securities Act of 1933, indicating a regulated and transparent issuance process. The filing also includes the Underwriting Agreement as an exhibit, alongside a statement of computation for the ratio of earnings to fixed charges, providing additional detail for interested investors.
Key Highlights
- 1Republic Services priced a $500 million offering of senior notes.
- 2The notes carry a fixed interest rate of 2.900% and mature in 2026.
- 3The offering is expected to close on or about July 5, 2016.
- 4Key financial institutions, including Barclays, J.P. Morgan, and Merrill Lynch, are acting as underwriters.
- 5The senior notes are registered under the Securities Act of 1933.
- 6The Underwriting Agreement is filed as an exhibit to the 8-K.
- 7A computation of the ratio of earnings to fixed charges is also provided.