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The latest announcement is out from Waste Connections (WCN).
Waste Connections, Inc. has entered into a new Revolving Credit Agreement, securing a credit facility that could potentially reach $4 billion, with provisions for revolving advances, letters of credit, and swing line loans. The facility is designed to help the company manage its debt, finance acquisitions, and support various other corporate expenses and investments. The agreement includes flexible terms, such as interest rates tied to the company’s debt rating and the ability to extend the maturity date, while also imposing financial covenants to maintain a healthy debt to EBITDA ratio.
See more insights into WCN stock on TipRanks’ Stock Analysis page.
