HOUSTON–(BUSINESS WIRE)–Waste Management, Inc. (NYSE:WM) announced today that, because its pending acquisition of Advanced Disposal Services, Inc. (NYSE: ADSW) was not completed on or prior to July 14, 2020, it will redeem the entire $3 billion aggregate outstanding principal amount of its 2.950% Senior Notes due 2024, 3.200% Senior Notes due 2026, 3.450% Senior Notes due 2029 and 4.000% Senior Notes due 2039 (collectively, the “Notes”) as required by the special mandatory redemption provisions of the Notes. The redemption date for the Notes is July 20, 2020. The redemption price for each series of the Notes will consist of the sum equal to 101% of the aggregate principal amount of such series of the Notes, plus accrued but unpaid interest on the principal amount of such series of the Notes to, but not including, the redemption date.
