-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S0r4MzxklIsG8dFP76udU6Wqgm2WY7tlsH9BJxetrfGuj9zIwXVFYidovP1918sp A1a1gcLUKWgQGneVdDYOHg== 0000950129-09-000496.txt : 20090223 0000950129-09-000496.hdr.sgml : 20090223 20090223172011 ACCESSION NUMBER: 0000950129-09-000496 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090223 DATE AS OF CHANGE: 20090223 SUBJECT COMPANY: 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 SEC ACT: 1934 Act SEC FILE NUMBER: 333-137526 FILM NUMBER: 09628857 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 FILED BY: 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 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 FWP 1 h64881fwfwp.htm FREE WRITING PROSPECTUS - REGISTRATION NO.333-137526 fwp
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated February 23, 2009 Relating to
Preliminary Prospectus Supplement dated February 23, 2009
to Prospectus dated September 22, 2006
Registration Statement No. 333-137526
Final Pricing Term Sheet
6.375% Senior Notes due 2015
7.375% Senior Notes due 2019
     
Issuer:
  Waste Management, Inc.
 
    
Guarantor:
  Waste Management Holdings, Inc.
 
    
Size:
  $800,000,000 (including $350,000,000 aggregate principal amount of the 6.375% Senior Notes due 2015 (“2015 Notes”) and $450,000,000 aggregate principal amount of the 7.375% Senior Notes due 2019 (“2019 Notes”))
 
    
Maturity:
  2015 Notes — March 11, 2015
2019 Notes — March 11, 2019
 
    
Coupon:
  2015 Notes — 6.375%
2019 Notes — 7.375%
 
    
Price to Public:
  2015 Notes — 99.650% of face amount
2019 Notes — 99.882% of face amount
 
    
Underwriting Discount:
  2015 Notes — 0.60% of face amount
2019 Notes — 0.65% of face amount
 
    
Yield to maturity:
  2015 Notes — 6.445%
2019 Notes — 7.391%
 
    
Spread to Benchmark Treasury:
  2015 Notes — 4.625%
2019 Notes — 4.625%
 
    
Benchmark Treasury:
  2015 Notes — 1.75% 1/31/14
2019 Notes — 2.75% 2/15/19
 
    
Benchmark Treasury Price and Yield:
  2015 Notes — 99-21+ 1.820%
2019 Notes — 99-27+ 2.766%

 

 

     
Interest Payment Dates:
  Semi-annually on March 11 and September 11, commencing September 11, 2009
 
    
Redemption Provisions:
    
     Optional Redemption:
  At any time for an amount equal to the greater of (1) 100% of the principal amount of the notes redeemed and repaid, or (2) the sum of the present values of the remaining scheduled payments of principal and interest on such notes discounted to the redemption date at the applicable Treasury Yield plus 50 basis points.
 
    
     Change of Control Put:
  A put right upon the occurrence of a change of control triggering event as described in the Preliminary Prospectus dated February 23, 2009.
 
    
Settlement:
  T+3; February 26, 2009
 
    
CUSIP:
  2015 Notes — 94106LAT6
2019 Notes — 94106LAU3
 
    
Joint Book-Running and
  Barclays Capital Inc.
Joint Lead Managers
  Credit Suisse Securities (USA) LLC,
Deutsche Bank Securities Inc.
Greenwich Capital Markets, Inc.
 
    
Co-Managers
  2015 Notes -
BNP Paribas Securities Corp
BNY Mellon Capital Markets LLC
Calyon Securities (USA) Inc.
PNC Capital Markets LLC
Scotia Capital (USA) Inc.
Wells Fargo Securities LLC

2019 Notes —
BNP Paribas Securities Corp
Goldman, Sachs & Co.
Mizuho Securities USA Inc.
Morgan Keegan & Company, Inc.
Scotia Capital (USA) Inc.
SunTrust Robinson Humphrey, Inc.
 
    
Anticipated Ratings:
  Moody’s: Baa3 (Stable)
S&P: BBB (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 calling Barclays Capital Inc. toll-free at 1-888-227-2275, Ext. 2663, Credit Suisse Securities (USA) LLC at 212-325-3225, Deutsche Bank Inc. toll-free at 1-800-503-4611 or Greenwich Capital Markets, Inc. toll-free at 1-866-884-2071.
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.

 

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