Republic Services enters $3.5 billion unsecured credit agreement maturing July 2029
Republic Services and its subsidiary USE Canada Holdings entered a Second Amended and Restated Credit Agreement on July 26, 2024, with Bank of America as administrative agent. The unsecured facility provides lender commitments of up to $3.5 billion and replaces the company's prior credit agreement dated August 17, 2021. The filing does not report any drawn balance, and the new terms matter to shareholders mainly as a description of the company's borrowing capacity and covenants.
Key points
- Aggregate lender commitments of up to $3.5 billion; Canadian dollar loans capped at $1.0 billion within that total
- Facility is unsecured and matures in July 2029, with two possible one-year extensions
- Company may add up to $1.0 billion of commitments from existing or new lenders, subject to conditions
- Covenant requires total debt to EBITDA not to exceed a maximum ratio; dividends and buybacks permitted if in compliance
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.