Waste Pro USA, Inc. Announces the Reoffering of $120.0 million of Solid Waste Disposal Revenue Bonds

LONGWOOD, Fla., April 2, 2026 /PRNewswire/ -- Waste Pro USA, Inc. ("Waste Pro"), a regional privately-held provider of non-hazardous waste collection, transfer, recycling and disposal services, announced today that it has completed the sale and reoffering of the Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2023 (the "Bonds") in aggregate principal amount of $120.0 million.

The Bonds, which bear a 4.50% coupon for an approximately six-year fixed term interest rate period, will mature on July 1, 2032 and are guaranteed by certain subsidiaries of Waste Pro, pursuant to the terms of the indenture relating to the Bonds.

"Waste Pro's continued access to the capital markets is a testament to our disciplined growth and the hard work of our dedicated team members," said Sean Jennings, Chief Executive Officer of Waste Pro. "As a privately-owned company, our stable platform allows us to look past temporary market fluctuations and confidently finance essential solid waste infrastructure across our southeastern footprint."

"Tax-exempt financings continue to serve as a cornerstone of Waste Pro's capital structure, and optimizing our balance sheet with long-term debt remains a priority," stated Cort Sabina, Chief Financial Officer of Waste Pro. "Executing a successful $120.0 million reoffering in such a dynamic market environment speaks to the strength of our underlying business and the trust we have built with both new and existing institutional investors."

Barclays Capital Inc. served as senior manager and sole bookrunner, with BofA Securities, Inc. and J.P. Morgan Securities LLC serving as co-managers, for the Bonds. CTBH Partners LLC served as financial advisor to Waste Pro. Greenberg Traurig served as counsel to Waste Pro.

The Bonds were offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Bonds have not been and are not required to be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Bonds, nor shall there be any sale of the Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Waste Pro USA, Inc.

Waste Pro USA, Inc. is one of the country's fastest-growing privately owned non-hazardous solid waste collection, recycling, processing and disposal companies, operating in ten southeastern states.?Waste Pro serves more than 2.5 million residential and 50,000 commercial customers from 119 operating locations. Waste Pro is headquartered in Longwood, Florida, and maintains nearly 300 exclusive municipal contracts and franchises.

Safe Harbor Statement

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as Waste Pro "will," "intends," and other similar expressions. Among the forward-looking statements in this press release are statements regarding the offering and sale of the Bonds. All of these forward-looking statements are based on current expectations and estimates and management's beliefs and assumptions. Waste Pro expressly disclaims any obligation to update such statements to reflect any change in its expectations whether as a result of new information, future events or otherwise, except as required.

Media Contact: Tracy Meehan
Communications Director
(407) 883-3791
tmeehan@wasteprousa.com

Investors: Ryan LeBeau
Vice President of Finance
(407) 937-2675
rlebeau@wasteprousa.com

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SOURCE Waste Pro USA, Inc.