Pennsylvania to Issue $80 Million of Bonds for Waste-Disposal Facilities

Published: 2025-05-16 14:31:07 ET WM

Published on 05/16/2025 at 14:31

By Zaeem Shoaib

The Pennsylvania Economic Development Financing Authority seeks to issue $80 million of bonds for waste-disposal facilities in a negotiated deal.

The Solid Waste Disposal Revenue Bonds, Series 2025A, are due June 1, 2049, according to documents filed Thursday with MuniOs.

Interest on the bonds is payable semiannually on the first business day of each June and December, commencing Dec. 1, 2025.

The bonds are expected to be delivered in June.

S&P Global Ratings has assigned long-term rating of A- and a short-term rating of A-2 to the bonds.

Proceeds of the bonds will be loaned by the authority to Waste Management, a provider of integrated waste services, which will apply the proceeds to finance all or part of the costs of the acquisition, construction, installation, improvement or equipping of certain solid-waste-disposal facilities in Pennsylvania.

BofA Securities and Wells Fargo Securities are serving as lead managers on the transaction.

Write to Zaeem Shoaib at [email protected]

(END) Dow Jones Newswires

05-16-25 1430ET