Waste Connections Increases its Borrowing Capacity

Date: November 26, 2010

Source: Waste Connections, Inc.

Waste Connections (Folsom, CA) has increased its borrowing capacity by $250 million, according to a filing with the SEC. The company did so by amending an agreement to increase the aggregate principal amount of senior unsecured notes issuable under the Master Note Purchase Agreement from $500 million to $750 million. The amendment allows the company to sell up to $400 million of additional notes since there are already $350 million of notes outstanding and covered by the agreement.


FROM FORM 8-K

26-Nov-2010

Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.
The information contained in Item 2.03 below is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

On November 24, 2010, we and our subsidiaries entered into Amendment No. 2 to the Master Note Purchase Agreement, dated July 15, 2008, as amended, increasing the aggregate principal amount of senior unsecured notes issuable under the Master Note Purchase Agreement from $500 million to $750 million, representing a $250 million increase. No other changes were made in the Amendment. We currently have $350 million of Notes outstanding under the Master Note Purchase Agreement. With the execution of the Amendment, we will be able to sell up to $400 million of additional Notes under and subject to the terms of the Master Note Purchase Agreement. No existing or potential lender has any obligation to purchase additional notes under the Master Note Purchase Agreement.
Item 9.01 Financial Statements and Exhibits.

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