Waste Management, Inc., founded in 1968 and headquartered in Houston, Texas, is a leading provider of comprehensive waste management services in North America. The company’s primary purpose is to facilitate sustainable waste disposal and recycling solutions for residential, commercial, and industrial customers. Waste Management offers a wide range of services, including garbage collection, recycling, landfill management, and waste-to-energy services, positioning itself as an essential player in environmental sustainability practices.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Historically, Waste Management began issuing bonds in the early 1990s to finance various acquisitions and expansions, with significant bond issuances occurring during the company's growth phase in the late 1990s. Notably, a $1 billion bond issued in 2019 helped refinance existing debt while capturing favorable interest rates. As of recent reports, the company’s bond yields remain competitive within the industry at around 3.5%, with some bonds featuring call options, providing flexibility in managing debt. Recent news also highlights Waste Management's commitment to sustainability, which could enhance the appeal of its bonds among socially responsible investors.