Summary
Republic Services, Inc. (RSG) has filed a Form 8-K to announce the successful pricing of a $650 million debt offering. The company issued 3.375% notes due in 2027, which are expected to close around November 16, 2017. This offering is a significant event for investors as it pertains to the company's capital structure and future financing. The proceeds from this issuance will likely be used for general corporate purposes or to refinance existing debt, impacting the company's leverage and interest expense.
Key Highlights
- 1Republic Services, Inc. (RSG) announced the sale of $650 million in aggregate principal amount of 3.375% notes due 2027.
- 2The offering is scheduled to close on or about November 16, 2017, subject to customary closing conditions.
- 3The notes are issued under an indenture dated November 25, 2009, as supplemented by a Sixth Supplemental Indenture.
- 4The offering is registered under the Securities Act of 1933 via a Form S-3 registration statement.
- 5Key underwriters include BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC.
- 6Relevant documents, including the underwriting agreement, the form of supplemental indenture, and the notes themselves, are filed as exhibits to this 8-K.
- 7The company also filed a statement computing its ratio of earnings to fixed charges.