UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
(Date of Report/Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address and zip code of principal executive offices)
(Registrant’s telephone number, including area code)
N/A
(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 | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 7.01 Regulation FD Disclosure
On October 22, 2021, Covanta Holding Corporation, a Delaware corporation (the “Company”), issued a notice announcing that on October 21, 2021, in connection with the previously announced consent solicitation from holders of (a)(i) Niagara Area Development Corporation (New York) Solid Waste Disposal Facility Refunding Revenue Bonds (Covanta Project), Series 2018A (CUSIP No. 653542 AC4), and (ii) Niagara Area Development Corporation (New York) Solid Waste Disposal Facility Refunding Revenue Bonds (Covanta Project), Series 2018B (CUSIP No. 653542 AD2) (collectively, the “NY Bonds”), (b)(i) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2020A (CUSIP No. 63607Y AH3), and (ii) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2020B (CUSIP No. 63607Y AJ9) (collectively, the “NH 2020 Bonds”), (c)(i) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2018A (CUSIP No. 63607Y AA8), (ii) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2018B (CUSIP No. 63607Y AB6), and (iii) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2018C (CUSIP No. 63607Y AC4) (collectively, the “NH 2018 Bonds”), (d) Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue Bonds, Series 2019A (Covanta Project) (Green Bonds) (CUSIP No. 708692 BQ0) (the “PA Bonds”) and (e) The Virginia Small Business Financing Authority Solid Waste Disposal Revenue Bonds (Covanta Project), Series 2018 (CUSIP No. 928106 AQ6) (the “VA Bonds” and, together with the NY Bonds, the NH 2020 Bonds, the NH 2018 Bonds, and the PA Bonds, the “Bonds”), (x) the Company entered into a First Amendment to Loan Agreement with each applicable Bond Issuer for the NH 2020 Bonds, the NH 2018 Bonds, the PA Bonds and the VA Bonds and (y) Niagara Area Development Corporation and the trustee for the NY Bonds entered into a First Supplement to Indenture of Trust. The notice is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.
The information in the notice shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
Exhibit |
Description of Exhibits | |
99.1 | Notice, dated as of October 22, 2021 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COVANTA HOLDING CORPORATION | ||
(Registrant) | ||
By: | /s/ Thomas L. Kenyon | |
Name: | Thomas L. Kenyon | |
Title: | Executive Vice President, General Counsel and Secretary | |
Date: October 22, 2021 |
Exhibit 99.1
EVENT NOTICE
On October 21, 2021, in connection with the previously announced consent solicitation from holders of (a)(i) Niagara Area Development Corporation (New York) Solid Waste Disposal Facility Refunding Revenue Bonds (Covanta Project), Series 2018A (CUSIP No. 653542 AC4), and (ii) Niagara Area Development Corporation (New York) Solid Waste Disposal Facility Refunding Revenue Bonds (Covanta Project), Series 2018B (CUSIP No. 653542 AD2) (collectively, the NY Bonds), (b)(i) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2020A (CUSIP No. 63607Y AH3), and (ii) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2020B (CUSIP No. 63607Y AJ9) (collectively, the NH 2020 Bonds), (c)(i) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2018A (CUSIP No. 63607Y AA8), (ii) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2018B (CUSIP No. 63607Y AB6), and (iii) National Finance Authority Resource Recovery Refunding Revenue Bonds (Covanta Project), Series 2018C (CUSIP No. 63607Y AC4) (collectively, the NH 2018 Bonds), (d) Pennsylvania Economic Development Financing Authority Solid Waste Disposal Revenue Bonds, Series 2019A (Covanta Project) (Green Bonds) (CUSIP No. 708692 BQ0) (the PA Bonds) and (e) The Virginia Small Business Financing Authority Solid Waste Disposal Revenue Bonds (Covanta Project), Series 2018A-1 (CUSIP No. 928106 AQ6) (the VA Bonds and, together with the NY Bonds, the NH 2020 Bonds, the NH 2018 Bonds, and the PA Bonds, the Bonds), (x) Covanta Holding Corporation (the Company) entered into a First Amendment to Loan Agreement with each applicable Bond Issuer for the NH 2020 Bonds, the NH 2018 Bonds, the PA Bonds and the VA Bonds (each, an Amendment and collectively, the Amendments) and (y) Niagara Area Development Corporation and the trustee for the NY Bonds entered into a First Supplement to Indenture of Trust (the Supplemental Indenture).
The Supplemental Indenture and Amendments eliminate the requirement to make a Change of Control Offer with respect to the Bonds in connection with the previously announced planned merger of Covert Mergeco, Inc., a Delaware corporation (Merger Sub), into the Company (the Merger), and the implementation of certain other customary changes for a privately-held company to the definition of Change of Control.
Each Amendment and/or the Supplemental Indenture will become valid, binding and enforceable when the consent fee for the consenting Bondholders is paid.
Forward-Looking Statements
Certain statements in this notice may constitute forward-looking statements as defined in Section 27A of the Securities Act of 1933 (the Securities Act), Section 21E of the Securities Exchange Act of 1934 (the Exchange Act), the Private Securities Litigation Reform Act of 1995 (the PSLRA) or in releases made by the Securities and Exchange Commission (SEC), all as may be amended from time to time. Forward-looking statements are those that address activities, events or developments that the Companys or Merger Subs management intend, expect, project, believe or anticipate will or may occur in the future. They are based on managements assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance or actual results. Developments and business decisions may differ from those envisaged by forward-looking statements. Forward-looking statements, including, without limitation, statements with respect to the consent solicitations and the Merger, involve known and
unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company, its subsidiaries and joint ventures or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, in particular, the Merger which depends on the satisfaction of the closing conditions to the Merger, and there can be no assurance as to whether or when the business combination will be consummated. For additional information see the Cautionary Note Regarding Forward-Looking Statements in the Companys 2020 Annual Report on Form 10-K as well as Risk Factors in the Companys most recent Quarterly Report on Form 10-Q for the period ended June 30, 2021. Merger Sub and the Company expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.
Where to Find Additional Information
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. This communication may be deemed to be solicitation material in respect of the proposed merger between the Company and affiliates of EQT Infrastructure. In connection with the proposed merger, the Company has filed a proxy statement with the SEC. SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION. Security holders may obtain a free copy of the proxy statement and other documents filed by the Company with the SEC at http://www.sec.gov. Free copies of the proxy statement and the Companys other filings with the SEC may also be obtained from the respective companies. Free copies of documents filed with the SEC by the Company are available free of charge on the Companys investor relations website at https://investors.covanta.com/.
This Event Notice is posted in accordance with various continuing disclosure agreements entered into by the Company in connection with the issuance of revenue bonds for its benefit.
October 22, 2021
2
Document and Entity Information |
Oct. 22, 2021 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | COVANTA HOLDING CORP |
Entity Incorporation State Country Code | DE |
Amendment Flag | false |
Entity Central Index Key | 0000225648 |
Document Type | 8-K |
Document Period End Date | Oct. 22, 2021 |
Entity File Number | 1-06732 |
Entity Tax Identification Number | 95-6021257 |
Entity Address, Address Line One | 445 South Street |
Entity Address, City or Town | Morristown |
Entity Address, State or Province | NJ |
Entity Address, Postal Zip Code | 07960 |
City Area Code | (862) |
Local Phone Number | 345-5000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, Par Value $0.10 Per Share |
Trading Symbol | CVA |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
SC!M!?04>D5-=7D5
M?3I"OJW6[5,7WIM(<>)R8E]775+[7AVM]Y[1^@-=&A =F64SL;F;UL