01—Abstract
Summary
Summary of the 8-K filed May 27, 2025. Cited figures are marked; the original filing is the authoritative source.
Waste Connections, Inc. filed this Current Report on Form 8-K to disclose that on May 23, 2025, it entered into Amendment No. 1 (the "First Amendment") to its Revolving Credit Agreement dated February 27, 2024.
The Company, as borrower, and Bank of America, N.A., acting through its Canada Branch, as global agent and swing line lender, together with Bank of America, N.A. as U.S. agent and the other lenders and L/C issuers, agreed to amend the facility. The amendment removes the credit spread adjustment applicable to Term SOFR Loans (or, where applicable, loans bearing interest by reference to Daily Simple SOFR) under the Revolving Credit Agreement. The filing does not state any change to borrowing capacity, maturity, or other pricing terms.
The First Amendment is filed as Exhibit 10.1 and is incorporated by reference. The filing is signed by Mary Anne Whitney, Executive Vice President and Chief Financial Officer.
02—Key points
Key Highlights
- Amendment No. 1 to the Revolving Credit Agreement was entered into on May 23, 2025, and amends the agreement dated February 27, 2024.
- The amendment removes the credit spread adjustment applicable to Term SOFR Loans and, where applicable, loans bearing interest by reference to Daily Simple SOFR.
- Bank of America, N.A., acting through its Canada Branch, serves as global agent, swing line lender and an L/C issuer; Bank of America, N.A. serves as U.S. agent and an L/C issuer.
- The filing is made under Item 1.01 (Entry into a Material Definitive Agreement) and Item 9.01 (Financial Statements and Exhibits).
- The filing does not state any change to the facility size, maturity, or margin in the amendment text.
- The full amendment is attached as Exhibit 10.1 and incorporated by reference.
03—Questions
Frequently Asked Questions
What changed in the revolving credit agreement?
The First Amendment removes the credit spread adjustment applicable to Term SOFR Loans and, where applicable, loans bearing interest by reference to Daily Simple SOFR.
When was the amendment entered into and what agreement does it modify?
It was entered into on May 23, 2025, and amends the Revolving Credit Agreement dated February 27, 2024, which was previously filed on Form 8-K on February 29, 2024.
Who are the parties to the amended agreement?
Waste Connections, Inc. is the borrower. Bank of America, N.A., acting through its Canada Branch, is global agent, swing line lender and an L/C issuer, and Bank of America, N.A. is U.S. agent and an L/C issuer, together with the other lenders and L/C issuers party thereto.
Does the filing disclose any change to borrowing capacity or maturity?
No. The filing describes only the removal of the credit spread adjustment and does not state changes to borrowing capacity, maturity, or other terms.
Where can investors find the full terms of the amendment?
The complete First Amendment is attached to the filing as Exhibit 10.1, and the filing states that its description is qualified in its entirety by reference to that exhibit.
04—Continue