RSG · 10-Q · 2026Q2 · Full report

Revolving Credit Facility

REPUBLIC SERVICES, INC. · 2026-08-07 · Importance 43 · Surprise 6

Republic Services’ unsecured Credit Facility had aggregate lender commitments of $3.5 billion and borrowings maturing in July 2029, with an option to request up to $1.0 billion of additional commitments. The facility supported working capital, capital expenditures, acquisitions, letters of credit, and other corporate purposes. Borrowings under the facility declined to $182 million at June 30, 2026 from $425 million at December 31, 2025, while letters of credit were $314 million versus $319 million. Availability increased to $2.6 billion from $1.8 billion over the same period.

Key facts

• The total outstanding principal amount that we may borrow under the Credit Facility may not exceed the current aggregate lenders' commitments of $3.5 billion, and borrowings under the Credit Facility mature in July 2029. source
• All loans to the Canadian Borrower and all loans denominated in Canadian dollars cannot exceed $1.0 billion (the Canadian Sublimit). source
• The Credit Facility includes a feature that allows us to increase availability, at our option, by an aggregate amount of up to $1.0 billion through increased commitments from existing lenders or the addition of new lenders. source
• As of June 30, 2026 and December 31, 2025, C$257 million and C$204 million, respectively, were outstanding against the Canadian Sublimit. source
• In January 2022, we entered into a $200 million unsecured uncommitted revolving credit facility (the Uncommitted Credit Facility). source
• The Credit Facility provides that our total debt to EBITDA ratio may not exceed 3.75 to 1.00 as of the last day of any fiscal quarter. source
• In the case of an "elevated ratio period", the total debt to EBITDA ratio may not exceed 4.25 to 1.00 during the Trigger Quarter and for the three fiscal quarters thereafter, and there may not be more than two elevated ratio periods during the term of the Credit Facility agreement. source
• In July 2024, we and our subsidiary, USE Canada Holdings, Inc. (the Canadian Borrower) entered into the Second Amended and Restated Credit Agreement (the Credit Facility) which amended and restated the unsecured revolving credit facility we entered into in August 2021. source