March 30, 2017 10:04 PM ET

Commercial Services and Supplies

Company Overview of Waste Management of Canada Corporation

Company Overview

Waste Management of Canada Corporation provides waste management and environmental solutions for municipal, commercial, and industrial customers in the United States and Canada. It operates landfills, transfer stations, collection operations, organic processing facilities, waste-to-energy plants, collection vehicles, and LNG/CNG vehicles. The company offers a portfolio of options that include curbside pickup, medical/hazardous waste disposal, construction debris recycling, and other waste services; and dumpsters/bagster bags and portable storage units for home owners and businesses to manage waste removal and divert waste from landfill. It serves industries that include food and retail, comm...

219 Labrador Drive

Waterloo, ON N2K 4M8

Canada

Founded in 1996

Phone:

519-886-3974

Fax:

519-342-1540

Key Executives for Waste Management of Canada Corporation

Director of Communications
General Manager of Eastern Canada Market Area
General Manager of Greater Toronto Market Area
General Manager of Western Canada Market Area
Age: 56
General Manager of Eastern Canada Market Area
Age: 49
Compensation as of Fiscal Year 2016.

Waste Management of Canada Corporation Key Developments

Waste Management, Inc. and Waste Management of Canada Corporation and WM Quebec Inc. Executes Credit Facilities Amended and Restated Credit Agreement by and Among

On March 24, 2016, Waste Management, Inc. and certain of its subsidiaries executed the CAD 509,500,000 Credit Facilities Amended and Restated Credit Agreement by and among Waste Management of Canada Corporation and WM Quebec Inc. (collectively, the Borrowers), Waste Management, Inc. and Waste Management Holdings, Inc., as guarantors, The Bank of Nova Scotia, as administrative agent, JPMorgan Chase Bank, N.A., Bank of America, N.A. and PNC Bank Canada Branch, as co-syndication agents, The Bank of Nova Scotia, JPMorgan Chase Bank, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated and PNC Capital Markets LLC, as joint lead arrangers and joint bookrunners and the Lenders from time to time party thereto. The Borrowers are wholly-owned subsidiaries of the company. The company and Waste Management Holdings, Inc., another wholly-owned subsidiary of the company, guarantee all of the Borrowers' obligations under the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement extended the maturity of the prior Canadian credit agreement to March 24, 2019; reduced the revolving credit available from CAD 150 million to CAD 50 million; amended the amount of the term credit to CAD 459.5 million, with an accordion available in the amount of up to CAD 150 million; and further aligned key terms and conditions with the company's $2.25 billion Third Amended and Restated Revolving Credit Agreement. Prior to closing, there were no revolving borrowings and no letters of credit outstanding and a balance of CAD 89.5 million remaining on the CAD 500 million term credit originally provided under the prior Canadian credit agreement. Upon closing, the Borrowers drew the entire Term Credit to refinance the existing indebtedness owing under the prior Canadian credit agreement and to refinance CAD 370 million of existing intercompany debt. The Borrowers intend to use proceeds from the Revolving Credit, if any, to finance the general corporate requirements of the Borrowers and their subsidiaries.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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