BREAKING: $WM amends revolver credit agreement to allow add‑backs of equity-based compensation & interest…
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: $WM amends revolver credit agreement to allow add‑backs of equity-based compensation & interest accretion to EBIT/EBITDA — covenant math changed, could give immediate covenant relief 🚨📣💼 #WM #Credit #Covenants #Breaking
ALERT: The tweak raises EBITDA for leverage-ratio tests — likely eases covenant pressure and lowers breach risk, giving WM more liquidity/flexibility. This is accounting/covenant relief, not new cash ⚠️📈 $WM #Leverage #Liquidity #FinTwit
Confirmed: Amendment No.2 effective Mar 20, 2026 to WM’s 7th Amended Revolver — borrowers include Waste Management of Canada & WM Quebec; Bank of America is Admin Agent. Full amendment filed as exhibit 📝🏦 $WM #BankLoan #WM #FinTwit
NOTE: Allowing equity‑comp add‑backs mainly helps covenant math and management comp treatment — investors should watch leverage disclosures, rating agency commentary and any change in borrowing costs 🔍📊 $WM #Investors #Ratings #Covenants #FinTwit