RSG · 10-Q · 2026Q2 · Full report

Tax-Exempt Financing

REPUBLIC SERVICES, INC. · 2026-08-07 · Importance 64 · Surprise 42 · In source text

Republic Services had $1.4 billion of tax-exempt financings outstanding at both June 30, 2026 and December 31, 2025. In March 2026, the California Municipal Finance Authority issued $100 million of Solid Waste Disposal Revenue Bonds for the company’s benefit. Proceeds funded the acquisition, construction, improvement, installation, or equipping of solid waste disposal facilities in California, with $89 million incurred and reimbursed by June 30, 2026. Restricted cash and marketable securities totaled $285 million at June 30, 2026, including $11 million of remaining bond proceeds.

Key facts

• In March 2026, the California Municipal Finance Authority issued, for our benefit, $100 million in principal amount of Solid Waste Disposal Revenue Bonds. source
• We have $250 million of tax-exempt financings that have an initial remarketing period of 10 years. source
• As of both June 30, 2026 and December 31, 2025, we had $1.4 billion of tax-exempt financings outstanding with maturities ranging from 2026 to 2056 and 2026 to 2054, respectively. source
• All of our tax-exempt financings are remarketed either quarterly or semiannually by remarketing agents to effectively maintain a variable yield, with the exception of three tax-exempt financings each with initial remarketing periods of 10 years. source
• The proceeds from the issuance, after deferred issuance costs, will be used to fund the acquisition, construction, improvement, installation, and/or equipping of certain solid waste disposal facilities located within California, of which $89 million had been incurred and reimbursed to us as of June 30, 2026. source

Impact estimates