Waste Management Terminates Material Definitive Agreement

Ticker: WM · Form: 8-K · Filed: 2024-11-07T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, material-agreement

Related Tickers: WM

TL;DR

WM just terminated a big deal, details TBD.

AI Summary

Waste Management, Inc. filed an 8-K on November 7, 2024, to report the termination of a material definitive agreement. The agreement was terminated on November 5, 2024. No specific details about the agreement or the counterparty were provided in this filing.

Why It Matters

The termination of a material definitive agreement can signal a significant shift in business relationships or strategic direction for Waste Management, Inc.

Risk Assessment

Risk Level: medium — The termination of a material definitive agreement suggests a significant event that could impact the company's operations or financial standing, but the lack of detail makes the precise risk unclear.

Key Players & Entities

FAQ

What was the material definitive agreement that was terminated?

The filing does not specify the nature or parties involved in the material definitive agreement that was terminated.

When was the agreement terminated?

The agreement was terminated on November 5, 2024.

Who was the counterparty to the terminated agreement?

The filing does not disclose the identity of the other party to the agreement.

What is the reason for the termination of the agreement?

The filing does not provide the reason for the termination of the material definitive agreement.

What is the potential financial impact of this termination on Waste Management, Inc.?

The filing does not provide any information regarding the financial impact of the termination.

From the Filing

0001104659-24-115364.txt : 20241107 0001104659-24-115364.hdr.sgml : 20241107 20241107165155 ACCESSION NUMBER: 0001104659-24-115364 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241105 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC CENTRAL INDEX KEY: 0000823768 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 731309529 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12154 FILM NUMBER: 241436772 BUSINESS ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135126200 MAIL ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: USA WASTE SERVICES INC DATE OF NAME CHANGE: 19920703 8-K 1 tm2427744d1_8k.htm FORM 8-K false 0000823768 WASTE MANAGEMENT INC 0000823768 2024-11-05 2024-11-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares         SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549   FORM  8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): November 5, 2024   Waste Management, Inc. (Exact Name of Registrant as Specified in Charter)   Delaware   1-12154   73-1309529 (State or Other Jurisdiction of  Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   800 Capitol Street , Suite 3000 , Houston , Texas   77002 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone number, including area code: ( 713 ) 512-6200       (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value WM New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨           Item 1.02. Termination of Material Definitive Agreement.   On November 5, 2024, Waste Management, Inc. (the “Company”) repaid in full all borrowings under its delayed draw Term Credit Agreement dated August 28, 2024 (as amended, the “Credit Agreement”) and terminated the Credit Agreement.   The Company received $5.2 billion principal amount of borrowings under the Credit Agreement on October 30, 2024. The borrowings were used to fund th

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