0001193125-17-341123.txt : 20171113 0001193125-17-341123.hdr.sgml : 20171110 20171113171600 ACCESSION NUMBER: 0001193125-17-341123 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20171113 DATE AS OF CHANGE: 20171113 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC SERVICES, INC. CENTRAL INDEX KEY: 0001060391 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 650716904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-216111 FILM NUMBER: 171197096 BUSINESS ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 BUSINESS PHONE: 480 627 2700 MAIL ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 FORMER COMPANY: FORMER CONFORMED NAME: REPUBLIC SERVICES INC DATE OF NAME CHANGE: 19980423 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC SERVICES, INC. CENTRAL INDEX KEY: 0001060391 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 650716904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 BUSINESS PHONE: 480 627 2700 MAIL ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 FORMER COMPANY: FORMER CONFORMED NAME: REPUBLIC SERVICES INC DATE OF NAME CHANGE: 19980423 FWP 1 d494668dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-216111

Republic Services, Inc.

Pricing Term Sheet

November 13, 2017

3.375% Notes due 2027

 

Issuer:

   

Republic Services, Inc.

Ratings (Moody’s / S&P / Fitch)*:

   

Baa3 (positive) / BBB+ (stable) / BBB (positive)

Principal Amount:

    $650,000,000

Trade Date:

   

November 13, 2017

Settlement Date:

   

November 16, 2017 (T+3)

Maturity Date:

   

November 15, 2027

Interest Payment Dates:

   

May 15 and November 15, beginning May 15, 2018

Benchmark Treasury:

   

UST 2.250% due November 15, 2027

Benchmark Treasury Price and Yield:

   

98-23 and 2.395%

Spread to Benchmark Treasury:

   

T + 100 basis points

Yield to Maturity:

    3.395%

Coupon (Interest Rate):

    3.375%

Price to Public:

   

99.832% of the principal amount

Underwriting Discount:

    0.650%

Make-Whole Call:

   

Prior to August 15, 2027 (three months before the maturity date), T + 15 basis points

Par Call:

   

On or after August 15, 2027 (three months before the maturity date)

CUSIP/ISIN:

   

760759AS9/US760759AS91

Joint Book-Running Managers:

   

BNP Paribas Securities Corp.

J.P. Morgan Securities LLC

Wells Fargo Securities, LLC

Mizuho Securities USA LLC

MUFG Securities Americas Inc.

Scotia Capital (USA) Inc.

SMBC Nikko Securities America, Inc.

U.S. Bancorp Investments, Inc.

Co-Managers:

   

BB&T Capital Markets, a division of BB&T Securities, LLC

BBVA Securities Inc.

RBC Capital Markets, LLC

SunTrust Robinson Humphrey, Inc.

*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 preliminary 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 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 website 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 calling BNP Paribas Securities Corp. toll-free at 800-854-5674, J.P. Morgan Securities LLC collect at (212) 834-4533 or Wells Fargo Securities, LLC toll free at 1-800-645-3751.

This pricing term sheet supplements the preliminary prospectus supplement issued by Republic Services, Inc. on November 13, 2017 relating to its Prospectus dated February 16, 2017.