Our Inaugural Green Bond Issuance Further Exemplifies Our Sustainability Leadership

As part of Covanta’s commitment to and ongoing investment in environmental sustainability, in August 2019 we issued our first set of green bonds. The $50 million tax-exempt bonds—issued through the Pennsylvania Economic Development Financing Authority, with a 20-year maturity and a coupon of 3.25 percent—are in compliance with the Green Bond Principles and will finance eligible green expenditures at select facilities in Pennsylvania, specifically costs related to our metals recycling activities, construction of our new total ash processing system (“TAPS”) and maintenance of our Energy-from-Waste facility.