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LONGWOOD, FL – April 2, 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 and reoffering of the Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2023 (the “Bonds”) in aggregate principal amount of $120.0 million.
The Bonds, which bear a 4.50% coupon for an approximately six-year fixed term interest rate period, will mature on July 1, 2032 and are guaranteed by certain subsidiaries of Waste Pro, pursuant to the terms of the indenture relating to the Bonds.
“Waste Pro’s continued access to the capital markets is a testament to our disciplined growth and the hard work of our dedicated team members,” said Sean Jennings, Chief Executive Officer of Waste Pro. “As a privately-owned company, our stable platform allows us to look past temporary market fluctuations and confidently finance essential solid waste infrastructure across our southeastern footprint.”
“Tax-exempt financings continue to serve as a cornerstone of Waste Pro’s capital structure, and optimizing our balance sheet with long-term debt remains a priority,” stated Cort Sabina, Chief Financial Officer of Waste Pro. “Executing a successful $120.0 million reoffering in such a dynamic market environment speaks to the strength of our underlying business and the trust we have built with both new and existing institutional investors.”
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.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Bonds, nor shall there be any sale of the Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Konsènan Waste Pro USA, Inc.
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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