Republic Services Prices $1B Senior Notes Offering
Ticker: RSG · Form: 8-K · Filed: Apr 25, 2024 · CIK: 1060391
| Field | Detail |
|---|---|
| Company | Republic Services, Inc. (RSG) |
| Form Type | 8-K |
| Filed Date | Apr 25, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $0.535 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financing, notes
Related Tickers: RSG
TL;DR
RSG just priced $1B in notes due 2034 at 5.125% to fund growth and debt.
AI Summary
On April 24, 2024, Republic Services, Inc. announced the pricing of its offering of $1.0 billion aggregate principal amount of senior notes. The notes will mature in 2034 and will bear interest at a rate of 5.125% per annum. Republic Services intends to use the net proceeds from the offering for general corporate purposes, which may include funding future acquisitions, capital expenditures, and repaying outstanding debt.
Why It Matters
This offering provides Republic Services with significant capital, potentially enabling strategic growth through acquisitions or investments, and strengthening its financial flexibility.
Risk Assessment
Risk Level: low — The filing is a routine debt offering announcement with no immediate negative implications for the company.
Key Numbers
- $1.0B — Senior Notes Offering (Amount raised to fund corporate purposes.)
- 5.125% — Interest Rate (Cost of borrowing for the new notes.)
- 2034 — Maturity Date (Long-term debt issuance.)
Key Players & Entities
- Republic Services, Inc. (company) — Registrant
- $1.0 billion (dollar_amount) — Aggregate principal amount of senior notes
- 2034 (date) — Maturity year of senior notes
- 5.125% (dollar_amount) — Interest rate on senior notes
- April 24, 2024 (date) — Date of report
FAQ
What is the purpose of the $1.0 billion senior notes offering?
Republic Services intends to use the net proceeds for general corporate purposes, which may include funding future acquisitions, capital expenditures, and repaying outstanding debt.
When did Republic Services announce the pricing of these senior notes?
The pricing of the senior notes was announced on April 24, 2024.
What is the maturity date of the senior notes?
The senior notes will mature in 2034.
What is the interest rate on the new senior notes?
The senior notes will bear interest at a rate of 5.125% per annum.
What is the aggregate principal amount of the senior notes being offered?
The aggregate principal amount of the senior notes is $1.0 billion.
Filing Stats: 404 words · 2 min read · ~1 pages · Grade level 10.9 · Accepted 2024-04-25 16:05:30
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share RSG New York Stock Exchange
- $0.535 — eclared a regular quarterly dividend of $0.535 per share for shareholders of record on
Filing Documents
- rsg-20240424.htm (8-K) — 25KB
- 0001060391-24-000198.txt ( ) — 145KB
- rsg-20240424.xsd (EX-101.SCH) — 2KB
- rsg-20240424_lab.xml (EX-101.LAB) — 21KB
- rsg-20240424_pre.xml (EX-101.PRE) — 12KB
- rsg-20240424_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On April 24, 2024 , the Board of Directors of Republic Services, Inc. declared a regular quarterly dividend of $0.535 per share for shareholders of record on July 2, 2024. The dividend will be paid on July 15, 2024. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REPUBLIC SERVICES, INC. Date: April 25, 2024 By: /s/ Catharine D. Ellingsen Catharine D. Ellingsen Executive Vice President, Chief Legal Officer, Chief Ethics & Compliance Officer and Corporate Secretary 3