Waste Connections (WCN) Intends to Issue 12 Million Shares
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Waste Connections, Inc. (NYSE: WCN intends to issue 12 million shares of its common stock in a public offering. All of the shares will be issued under Waste Connections' currently effective shelf registration statement filed with the Securities and Exchange Commission.
Waste Connections intends to use the net proceeds to repay the unhedged portion of the outstanding borrowings under its senior revolving credit facility and to use any remaining net proceeds for general corporate purposes, which may include acquisitions of additional assets or businesses, the repayment of other indebtedness, capital expenditures and increasing working capital.
Waste Connections intends to use the net proceeds to repay the unhedged portion of the outstanding borrowings under its senior revolving credit facility and to use any remaining net proceeds for general corporate purposes, which may include acquisitions of additional assets or businesses, the repayment of other indebtedness, capital expenditures and increasing working capital.
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