Summary
Republic Services, Inc. (RSG) filed a Form 8-K on May 11, 2018, to report a significant debt financing event. On May 3, 2018, the company entered into an underwriting agreement to sell $800 million in aggregate principal amount of 3.950% notes due in 2028. This offering is expected to close around May 14, 2018, subject to standard closing conditions. The issuance of these notes will be governed by an existing indenture, supplemented by a seventh supplemental indenture. The company is utilizing its Form S-3 registration statement for this offering. Investors should note that this filing primarily concerns the details of the debt issuance and includes related documentation, such as the underwriting agreement, the form of the supplemental indenture, and the notes themselves, as exhibits.
Key Highlights
- 1Republic Services (RSG) announced the sale of $800 million in aggregate principal amount of 3.950% notes due 2028.
- 2The debt offering was established through an Underwriting Agreement dated May 3, 2018, with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and U.S. Bancorp Investments, Inc. acting as representatives for the underwriters.
- 3The notes are expected to close on or about May 14, 2018, contingent on customary closing conditions.
- 4The notes will be issued under an existing indenture dated November 25, 2009, and will be further supplemented by a Seventh Supplemental Indenture.
- 5The offering is registered under the Securities Act of 1933 via a Form S-3 registration statement (No. 333-216111).
- 6Key documents related to the offering, including the Underwriting Agreement and the form of the Seventh Supplemental Indenture, are filed as exhibits to this 8-K.
- 7The filing also includes exhibits such as the form of the notes, a computation of the ratio of earnings to fixed charges, and legal opinions regarding the validity of the notes.