3.15% Notes due 2027
Waste Management issued $750 million of 10-year senior unsecured notes on October 30, 2017. The use of proceeds will be used to redeem the company’s outstanding 6.10% senior notes due March 2018, as well as for the repayment of commercial paper borrowings. The transaction was announced as a no-grow, and spreads tightened by 14.5 basis points, with an order book of $2.1 billion. It settled on November 8, 2017, and traded tighter in the secondary market.