Summary
Republic Services, Inc. (RSG) announced on August 11, 2020, that it has agreed to issue $650 million in aggregate principal amount of 1.450% notes due 2031. This debt offering, detailed in an underwriting agreement with BofA Securities, Barclays Capital, J.P. Morgan Securities, and Truist Securities, is expected to close around August 20, 2020, subject to standard closing conditions. The notes will be governed by an existing indenture, supplemented by a tenth supplemental indenture, and were registered under the Securities Act of 1933. This filing provides investors with transparency into the company's financing activities and capital structure.
Key Highlights
- 1Republic Services Inc. successfully priced a $650 million offering of 1.450% senior notes due 2031.
- 2The offering was executed on August 11, 2020, with an expected closing date around August 20, 2020.
- 3The notes are being issued under an existing indenture, supplemented by a Tenth Supplemental Indenture.
- 4The issuance was registered with the SEC under a Form S-3 registration statement.
- 5Key underwriters for the offering included BofA Securities, Barclays Capital, J.P. Morgan Securities, and Truist Securities.
- 6The company has provided various exhibits detailing the underwriting agreement, the supplemental indenture, the form of notes, and legal opinions.
- 7This action indicates the company is actively managing its debt and capital structure.