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New Issue-Waste Management sells $600 mln debt

Thu Nov 12, 2009 12:52pm EST

Stocks

    
  Nov 12 (Reuters) - Waste Management Inc (WM.N) on Thursday
sold $600 million of senior unsecured debt, said IFR, a Thomson
Reuters service.
  JPMorgan and Wells Fargo were the active bookrunning
managers for the sale. BNP and Scotia were the passive
bookrunners.
BORROWER: WASTE MANAGEMENT INCORPORATED
AMT $600 MLN      COUPON 6.125 PCT    MATURITY 11/30/2039
TYPE SR UNSC NTS  ISS PRICE 99.466    FIRST PAY 5/30/2010
MOODY'S Baa3      YIELD 6.164 PCT     SETTLEMENT 11/17/2009
S&P TRIPLE-B      SPREAD 175 BPS      PAY FREQ SEMI-ANNUAL
FITCH TRIPLE-B     MORE THAN TREAS    MAKE-WHOLE CALL 30 BPS

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