The Series 2026 bonds carry an interest rate of 4.35% during their initial five-year term, with a scheduled maturity date of April 1, 2037. This transaction continues a trend for the company, which has expanded its tax-exempt debt portfolio to roughly $736.7 million since 2017. Chief Financial Officer Cort Sabina noted that the offering was significantly oversubscribed, drawing interest from both new and established institutional investors.

Founded in 2001 by John Jennings with a single truck, Waste Pro has grown into a regional provider operating over 4,300 vehicles and employing 5,500 people. CEO Sean Jennings emphasized that the firm remains focused on long-term stability rather than short-term gains, positioning the company to manage its 300 exclusive municipal contracts effectively. Barclays Capital Inc. acted as the senior manager for the bond sale, while BofA Securities and J.P. Morgan served as co-managers.