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TORONTO, CANADA -- Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) ('Waste Connections' or the 'Company') announced today that it has priced an underwritten public offering (the 'Offering') of (i) $650 million aggregate principal amount of 2.200% Senior Notes due 2032 (the '2032 Notes') at a price to the public of 99.836% of their face value, and (ii) $850 million aggregate principal amount of 2.950% Senior Notes due 2052 at a price to the public of 98.501% of their face value (together with the 2032 Notes, the 'Notes'). The Offering is expected to close on September 20, 2021, subject to customary closing conditions. Net proceeds to Waste Connections from the Offering are expected to be approximately $1.471 billion, after deducting underwriting fees and estimated Offering expenses, and are expected to be used, together with borrowings under the Company's revolving credit facility provided under its credit agreement, to repay the $1.5 billion aggregate principal amount outstanding of each series of its senior notes issued pursuant to its master note purchase agreements.
BofA Securities, J.P. Morgan, MUFG and Wells Fargo Securities are acting as joint book-running managers and underwriters for the Offering. The Offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the 'SEC') on September 1, 2021 (the 'Registration Statement'). Copies of the prospectus supplement and the accompanying base prospectus for the Offering may be obtained by contacting BofA Securities, Inc. at 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, toll-free at 1-800-294-1322 or at email@example.com, J.P. Morgan Securities LLC at 383 Madison Avenue, New York, New York, 10179, Attn: Investment Grade Syndicate Desk, 3rd Floor, or by telephone at (212) 834-4533, MUFG Securities Americas Inc. at 1221 Avenue of the Americas, 6th Floor, New York, New York 10020, Attention: Capital Markets Group, or toll-free at 877-649-6848 or Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attn: WFS Customer Service, toll-free at 1-800-645-3751 or at firstname.lastname@example.org. Copies of the prospectus supplement and the accompanying base prospectus for the Offering will also be available on the SEC's website at http://www.sec.gov.