Republic Services Enters Material Definitive Agreement

TL;DR

Republic Services just signed a big new deal, likely involving debt. Keep an eye on their financials.

AI Summary

On July 26, 2024, Republic Services, Inc. entered into a Material Definitive Agreement, specifically a credit agreement, which creates a direct financial obligation for the company. This agreement is a significant event for the company's financial structure and reporting.

Why It Matters

This filing indicates a new financial commitment or obligation for Republic Services, which could impact its debt structure and financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial agreements can introduce new risks related to debt covenants, interest rate fluctuations, or repayment obligations.

Key Players & Entities

• Republic Services, Inc. (company) — Registrant
• July 26, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share RSG New York Stock Exchan
• $3.5 b — rrent aggregate lenders' commitments of $3.5 billion, as such amounts may be adjusted
• $1.0 billion — ated in Canadian dollars, cannot exceed $1.0 billion (the "Canadian Sublimit"). The Canadian
• $1.0 b — option, by an aggregate amount of up to $1.0 billion, through increased commitments fr

Filing Documents

• tm2420319d1_8k.htm (8-K) — 38KB
• tm2420319d1_ex4-1.htm (EX-4.1) — 1547KB
• tm2420319d1_ex4-1img001.jpg (GRAPHIC) — 13KB
• tm2420319d1_ex4-1img006.jpg (GRAPHIC) — 4KB
• tm2420319d1_ex4-1img024.jpg (GRAPHIC) — 173KB
• tm2420319d1_ex4-1img025.jpg (GRAPHIC) — 117KB
• tm2420319d1_ex4-1img026.jpg (GRAPHIC) — 402KB
• tm2420319d1_ex4-1img027.jpg (GRAPHIC) — 421KB
• 0001104659-24-084366.txt ( ) — 3555KB
• rsg-20240726.xsd (EX-101.SCH) — 3KB
• rsg-20240726_lab.xml (EX-101.LAB) — 33KB
• rsg-20240726_pre.xml (EX-101.PRE) — 22KB
• tm2420319d1_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. 3 Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. 4

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. 4

SIGNATURES

SIGNATURES 5 EX-4.1 EX-104 2

01

Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. Second Amended and Restated Credit Agreement On July 26 , 2024, Republic Services, Inc. (the "Company") and its subsidiary USE Canada Holdings, Inc. (the "Canadian Borrower") entered into the Second Amended and Restated Credit Agreement, with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer (the "Administrative Agent") and the other lenders party thereto (the "Credit Agreement"). The Credit Agreement amends and restates the Company's prior Amended and Restated Credit Agreement, dated as of August 17, 2021 as amended, with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer and the other lenders party thereto. The Credit Agreement is unsecured and will mature in July 2029. Under the Credit Agreement, each lender agrees to make loans to the Company and the Canadian Borrower in an aggregate amount not to exceed the amount of such lender's commitment set forth in the Credit Agreement with the total outstanding principal amount under the Credit Agreement not to exceed the current aggregate lenders' commitments of $3.5 billion, as such amounts may be adjusted from time to time in accordance with the Credit Agreement, provided that the aggregate of (i) all loans made to the Canadian Borrower and (ii) all loans denominated in Canadian dollars, cannot exceed $1.0 billion (the "Canadian Sublimit"). The Canadian Sublimit is part of, and not in addition to, the aggregate commitments under the Credit Agreement. The Company may request two one-year extensions of the maturity date, but none of the lenders are committed to participate in such extensions. The Credit Agreement includes a feature that allows the Company to increase availability under the facility, at the Company's option, by an aggregate amount of up to $1.0 billion, through increased commitments from existing lenders or the addition of new lenders, subject to obtaining additional commitments and ot

03

Item 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT. The disclosure required hereunder is provided under Item 1.01 above relating to the entry into the Credit Agreement and is incorporated by reference herein.

FINANCIAL STATEMENTS AND EXHIBITS

FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit No. Description 4.1 Second Amended and Restated Credit Agreement, dated as of July 26, 2024 by and among Republic Services, Inc., USE Canada Holdings, Inc., Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the other lenders party thereto. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document 4

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: July 31, 2024 By: /s/ Elyse M. Carlsen Elyse M. Carlsen Vice President and ChiefAccounting Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR