Company: WCN
Filing Date: 2025-05-30
Form Type: 424B5
Source: 0001104659-25-054854
Chunk: 37

Company: Waste Connections, Inc.
Filing Date: 2025-05-30
Form: 424B5
Chunk 37
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 and

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immediately after giving effect to such transaction, no default or event of default shall have occurred and be continuing.

Notwithstanding the above, any of our Subsidiaries may consolidate with, merge or amalgamate with or into, or transfer or lease all or part of its properties or assets to us or any of our wholly-owned Subsidiaries.

#### Events of Default
The provisions regarding events of default in the accompanying base prospectus will apply to the Notes.

#### Defeasance and Covenant Defeasance
The provisions regarding legal defeasance and covenant defeasance in the accompanying base prospectus will apply to the Notes.

#### Limitation on Liens
We and our Restricted Subsidiaries will create, issue, incur or assume Indebtedness secured by a lien upon a Principal Property only if the outstanding Notes are secured equally and ratably with or prior to the Indebtedness secured by that lien. This covenant has exceptions that permit:

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(a)

liens on the property or assets existing at the time of acquisition which secure obligations assumed by us or any of our Restricted Subsidiaries;

(b)

conditional sales agreements with respect to any property or assets acquired by us or a Restricted Subsidiary;

(c)

liens on the property, assets or stock of an entity at the time the entity is merged or amalgamated with or into or consolidated with us or a Restricted Subsidiary or at the time the entity becomes a Restricted Subsidiary;

(d)

liens on the property, assets or stock of any successor entity that becomes the Company in accordance with the covenant set forth under the heading “— Consolidation, Merger, Amalgamation and Sale of Assets”;

(e)

liens on assets:

•

existing at the time of, or created within 360 days after, the acquisition of the assets, or

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securing Indebtedness incurred to finance all or part of the purchase price of the assets or the cost of constructing, improving, developing or expanding the assets that was incurred before, at the time of, or created within 360 days after, the later of the completion of construction, improvement, development or expansion or the commencement of commercial operation of the assets;

(f)

intercompany liens;

(g)

mechanics’, materialmen’s and like liens (including those relating to construction, repair and storage) incurred in the ordinary course of business