 Covanta Holding Corp. said Tuesday it is offering 400 million of senior unsecured notes that mature in 2030 in a syndicated deal, joining the many companies that are issuing record levels of debt during the pandemic. The operator of waste-to-energy plans said proceeds of the deal will be used to redeem its 4.875 senior notes due 2024 and to pay related fees. It will also use a portion of the proceeds to repay revolving borrowings. JPMorgan, BofA Securities, Citizens Capital Markets, Credit Agricole, CIB, MUFG and SMBC Nikko are underwriting the deal. Shares were not yet active premarket, but have fallen 31 in the year to date, while the SP 500 has gained 4. 