0001193125-14-182504.txt : 20140505 0001193125-14-182504.hdr.sgml : 20140505 20140505162336 ACCESSION NUMBER: 0001193125-14-182504 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140505 DATE AS OF CHANGE: 20140505 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT HOLDINGS INC CENTRAL INDEX KEY: 0000104938 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 362660763 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-184157-01 FILM NUMBER: 14813751 BUSINESS ADDRESS: STREET 1: 1001 FANNIN STREET STREET 2: SUITE 4000 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-512-6367 MAIL ADDRESS: STREET 1: 1001 FANNIN STREET STREET 2: SUITE 4000 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: WASTE MANAGEMENT HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19980716 FORMER COMPANY: FORMER CONFORMED NAME: WASTE MANAGEMENT INC /DE/ DATE OF NAME CHANGE: 19970725 FORMER COMPANY: FORMER CONFORMED NAME: VMX TECHNOLOGIES INC DATE OF NAME CHANGE: 19930527 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC CENTRAL INDEX KEY: 0000823768 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 731309529 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1001 FANNIN STREET STREET 2: STE 4000 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135126200 MAIL ADDRESS: STREET 1: 1001 FANNIN STREET STREET 2: SUITE 4000 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: USA WASTE SERVICES INC DATE OF NAME CHANGE: 19920703 FWP 1 d718666dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Issuer Free Writing Prospectus dated May 5, 2014 relating to the

Preliminary Prospectus Supplement dated May 5, 2014

to Prospectus dated September 28, 2012

Registration Statement No. 333-184157

Final Pricing Term Sheet

$350,000,000 3.50% Senior Notes due 2024

 

Issuer:    Waste Management, Inc.
Guarantor:    Waste Management Holdings, Inc.
Principal Amount:    $350,000,000
Maturity:    May 15, 2024
Coupon:    3.500%
Price to Public:    99.748% of face amount
Underwriting Discount:    0.65%
Benchmark Treasury:    2.75% due February 15, 2024
Spread to Benchmark Treasury:    92 basis points
Benchmark Treasury Price and Yield:    101-6+ / 2.61%
Yield to Maturity:    3.530%
Interest Payment Dates:    Semi-annually on May 15 and November 15, commencing on November 15, 2014.
Redemption Provisions:    The Notes are redeemable at any time prior to February 15, 2024 (three months prior to the maturity date), in whole or from time to time in part, at the option of the Company, at a make whole redemption price using the applicable Treasury rate plus 15 basis points (as defined and described in further detail in the Prospectus Supplement). Redeemable on or after February 15, 2024 (three months prior to the maturity date), in whole or from time to time in part, at the option of the Company, at a price of 100% plus accrued interest.
Trade Date:    May 5, 2014
Settlement:    T+3; May 8, 2014
CUSIP/ISIN:    94106LAZ2 /US94106LAZ22

Denominations/Increments:    $2,000/$1,000

Joint Book-Running and

Joint Lead Managers:

   

Deutsche Bank Securities Inc.

J.P. Morgan Securities LLC

RBS Securities Inc.

Co-Managers:   

BBVA Securities Inc.

Blaylock Beal Van, LLC

Drexel Hamilton, LLC

Mitsubishi UFJ Securities (USA), Inc.

Mizuho Securities USA Inc.

Anticipated Ratings:   

Moody’s: Baa3 (stable)

S&P: A- (stable)

Fitch: BBB (stable)

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) and prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting: (1) Deutsche Bank Securities Inc. toll-free at (800) 503-4611; (2) J.P. Morgan Securities Inc. collect at (212) 834-4533; or (3) RBS Securities Inc. toll-free at (866) 884-2071. Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers were automatically generated as a result of this communication being sent via email or another communication system.