Waste Management Inc.
Waste Management Amends Credit Agreement to Modify EBIT and EBITDA Definitions
Summary
On March 20, 2026, Waste Management, Inc. amended its Seventh Amended and Restated Revolving Credit Agreement to modify the definitions of EBIT and EBITDA. The amendment allows for the add back of equity-based compensation and interest accretion as non-cash items for leverage ratio covenant calculations. This change aims to enhance comparability with industry peers. The full text of the amendment is filed as Exhibit 10.1 to this report.
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About Waste Management Inc.
Waste Management Inc., a leading provider in the environmental services sector, specializes in waste collection, disposal, and recycling services across North America. The company's primary function is to offer comprehensive waste and environmental solutions to residential, commercial, industrial, and municipal customers. Notable for its integrated approach, Waste Management Inc. not only focuses on the efficient collection and transport of waste but also emphasizes sustainability through recycling and renewable energy initiatives. By operating an extensive network of recycling facilities, landfills, transfer stations, and a growing fleet of natural gas-powered collection vehicles, the company plays a crucial role in reducing environmental impact and promoting resource conservation. With a strategic focus on leveraging technology and data analytics to optimize operations and environmental performance, Waste Management Inc. holds a significant position within the waste management industry, setting benchmarks for environmental responsibility and efficiency.
Official SEC Documents
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