On March 20, 2026, Waste Management, Inc. (the "Company") entered into Amendment No. 2 to its Seventh Amended and Restated Revolving Credit Agreement dated May 8, 2024. This amendment modifies the definitions of EBIT and EBITDA in the Credit Agreement, allowing for the add-back of equity-based compensation and interest accretion as non-cash items for the leverage ratio financial covenant calculation. The changes aim to enhance comparability with industry peers regarding the treatment of these non-cash items within their covenant calculations. The amendment reflects the Company's proactive approach to maintaining financial flexibility and aligning its financial metrics with industry standards, which could positively influence investor confidence and market perception.

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