SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES AND EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported) September 27, 2007
WASTE
CONNECTIONS,
INC.
(Exact
name of registrant as specified in its charter)
DELAWARE
(State
or
other jurisdiction of incorporation)
COMMISSION
FILE NO. 1-31507
94-3283464
(I.R.S.
Employer Identification No.)
35
Iron Point Circle, Suite 200, Folsom, CA 95630
(Address
of principal executive offices)
(916)
608-8200
(Registrant's
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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INFORMATION
TO BE INCLUDED IN THE REPORT
Item
1.01 Entry into a Material Definitive Agreement.
Item
2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant.
On
September 27, 2007, Waste Connections, Inc. and certain of its subsidiaries
listed on Schedule 2 thereto, as borrowers, entered into an unsecured Revolving
Credit Agreement with Bank of America, N.A. and the other banks and lending
institutions listed on Schedule 1 thereto, as lenders, Bank of America, N.A.,
as
administrative agent, and Deutsche Bank Securities, Inc. and J.P. Morgan
Securities Inc., as co-syndication agents.
Our
previous senior secured credit facility, which we refinanced with and on the
closing of our new credit agreement, included a $750 million senior secured
revolving credit facility, maturing on January 12, 2012, with a syndicate of
banks for which Bank of America acted as agent. In addition to being
unsecured, our new credit agreement reduces our interest rate margins from
those
under our previous credit facility, increases to $800 million the revolving
credit facility available to us, and extends the maturity date for the revolving
credit facility to September 27, 2012. We retain under our new credit
agreement the ability to increase borrowings under the revolving credit facility
from $800 million to $1.0 billion, subject to certain conditions including
that
no default, as defined, has occurred, although no existing lender has any
obligation to increase its commitment. As a result of the refinancing
of our indebtedness under our previous credit facility, we currently have
approximately $520 million of outstanding obligations under our new credit
agreement, including letters of credit. The interest rate applicable
under the revolving credit facility of our new credit agreement is currently
the
Eurodollar rate plus 0.625%, a 0.25% reduction in the corresponding interest
rate under our previous credit facility.
Several
of the banks that are parties to our new credit agreement, including their
predecessors and affiliates, have in the past performed, and may in the future
from time to time perform, investment banking, financial advisory, lending
and/or commercial banking services for us and our subsidiaries, for which the
banks have received, and may in the future receive, customary compensation
and
reimbursement of expenses.
The
above
description of our new credit agreement does not purport to be complete and
is
qualified in its entirety by reference to the Revolving Credit Agreement, which
is filed as an exhibit to this report and incorporated by reference
herein.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
See
Exhibit Index immediately following signature page.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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WASTE
CONNECTIONS, INC.
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(Registrant)
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BY:
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/s/ Worthing F. Jackman | |
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Date: October
3, 2007
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Worthing
F. Jackman
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Executive
Vice President and Chief Financial
Officer
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EXHIBIT
INDEX
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Exhibit
Number
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Description
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4.1
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Revolving
Credit Agreement, dated as of September 27,
2007.
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