Pou Liberasyon Imedya
Kontak medya: Tracy Meehan
Direktè Kominikasyon
(407) 883-3791
Envestisè: Ryan LeBeau
Vis Prezidan Finans
(407) 937-2675
LONGWOOD, FL – July 1, 2026 – Waste Pro USA, Inc. (“Waste Pro”), a regional privately-held provider of non-hazardous waste collection, transfer, recycling and disposal services, announced today that it has completed the sale of $150,000,000 Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2026 (the “Bonds”).
During the initial five-year term interest rate period, the interest rate on the Bonds will be 4.35% with a maturity of April 1, 2037. The Bonds are guaranteed by certain subsidiaries of Waste Pro pursuant to a guaranty agreement and as described in the indenture relating to the Bonds.
“This year marks our 25th anniversary. My father, John Jennings, founded Waste Pro in 2001 with a single truck and a commitment to do right by our customers, employees, and communities,” said Sean Jennings, Chief Executive Officer of Waste Pro. “From that single truck to a fleet of more than 4,300 vehicles and over 5,500 employees across ten states, we have always built for the long term, with our sights set firmly on the next 100 years.”
“Since completing our first tax-exempt financing in August 2017, Waste Pro has grown its tax-exempt debt portfolio from zero to approximately $736.7 million in under nine years,” said Cort Sabina, Chief Financial Officer of Waste Pro. “The Bonds were significantly oversubscribed, with broad support from both new and existing institutional investors. Optimizing our balance sheet toward long-term, fixed-rate debt remains a priority, and these tax-exempt financings have become a cornerstone of our capital structure.”
Barclays Capital Inc. served as senior manager and sole bookrunner, with BofA Securities, Inc. and J.P. Morgan Securities LLC serving as co-managers, for the Bonds. CTBH Partners LLC served as financial advisor to Waste Pro. Greenberg Traurig served as counsel to Waste Pro.
The Bonds were offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Bonds have not been and are not required to be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.
Kominike pou laprès sa a pa dwe reprezante yon òf pou vann oswa yon demann pou yon òf pou achte Obligasyon yo, ni ta dwe gen okenn vann Obligasyon yo nan nenpòt jiridiksyon kote òf sa a, demann oswa vann sa a ta ilegal anvan enskripsyon an oswa kalifikasyon dapre lwa sekirite yo nan nenpòt jiridiksyon sa yo.
Konsènan Waste Pro USA, Inc.
Waste Pro USA, Inc. is one of the country’s fastest-growing privately owned non-hazardous solid waste collection, recycling, processing and disposal companies, operating in ten southeastern states. Waste Pro serves more than 2.5 million residential and 50,000 commercial customers from 130 operating locations. Waste Pro is headquartered in Longwood, Florida, and maintains nearly 300 exclusive municipal contracts and franchises.
Deklarasyon Safe Harbor
Sèten pwoblèm yo diskite nan lapwès sa a se "deklarasyon pwovizyon" ki gen entansyon kalifye pou sekirite pò yo soti nan responsablite etabli pa Private Securities Litigation Reform Act of 1995. Deklarasyon sa yo kap avanse ka jeneralman idantifye kòm sa yo pa kontèks deklarasyon yo, ki gen ladan mo tankou Waste Pro "ap," ak lòt ekspresyon menm jan an. Pami deklarasyon kap vini yo ki nan lage laprès sa a genyen deklarasyon konsènan òf ak vann Obligasyon yo. Tout deklarasyon sa yo pou pi devan yo baze sou atant ak estimasyon aktyèl yo ak kwayans ak sipozisyon jesyon an. Waste Pro ekspreseman refize nenpòt obligasyon pou mete ajou deklarasyon sa yo pou reflete nenpòt chanjman nan atant li yo, kit se kòm rezilta nouvo enfòmasyon, evènman nan lavni oswa otreman, eksepte jan sa nesesè.
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