Waste Management of Canada Plans Up to $750 Million Bond Offering

Waste Management of Canada is preparing to raise up to $750 million through a new bond offering, according to sources familiar with the matter.

The company is reportedly considering issuing seven-year notes, with initial discussions suggesting a yield of approximately 0.75 percentage points above comparable government bonds. The planned debt sale could take place as early as this week, depending on market conditions and investor demand.

The financing move comes as Waste Management of Canada approaches the maturity of an existing $500 million bond carrying a 2.6% coupon rate, which is set to mature in September.

Company representatives have recently engaged with potential investors as part of the bond-marketing process. While details of the offering have not been officially confirmed, the transaction is expected to attract attention from fixed-income investors seeking stable corporate debt opportunities.

The proceeds from the bond sale could be used for general corporate purposes, refinancing existing obligations, or supporting future business operations and investments.