Debt ManagementRSG refinanced $900 million of debt at a 5.25% coupon (formerly 2%) and another $1 billion will mature in 1Q25, also resetting at a higher coupon rate.
Financial PerformanceRSG traded off 2.7% and underperformed peers after 3Q EBITDA beat by 3%, but revenues came up 1% short.
Growth OutlookThe initial growth outlook for RSG into 2025 is seen as a bit light relative to peers, due to softer M&A and a disciplined approach to sustainability projects.