Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CASELLA WASTE SYSTEMS INC amended credit facility of increase in the principal amount of Term Loan A from the originally anticipated $400.0 million to $430.0 million with Bank of America, N.A..
- Instrument
- credit facility
- Principal
- increase in the principal amount of Term Loan A from the originally anticipated $400.0 million to $430.0 million
- Counterparty
- Bank of America, N.A.
- Event
- amendment
Exact text from the filing
The Loan Joinder also amended and supplemented the Credit Agreement to provide for an increase in the principal amount of Term Loan A from the originally anticipated $400.0 million to $430.0 million
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CASELLA WASTE SYSTEMS INC incurred term loan of up to $430.0 million with Bank of America, N.A. at 2.375% over adjusted Term SOFR (or 1.375% over Base Rate) maturing December 22, 2026.
- Instrument
- term loan
- Principal
- up to $430.0 million
- Counterparty
- Bank of America, N.A.
- Rate
- 2.375% over adjusted Term SOFR (or 1.375% over Base Rate)
- Maturity
- December 22, 2026
- Event
- incurrence
Exact text from the filing
On May 25, 2023, Casella Waste Systems, Inc. (the “Registrant”) entered into a Specified Acquisition Loan Joinder (the “Loan Joinder”) by and among the Registrant, certain of its subsidiaries, Bank of America, N.A., as administrative agent and lender and the other lenders party thereto (the “Specified Acquisition Lenders”) pursuant to which the Specified Acquisition Lenders committed to lend to the Registrant up to $430.0 million (such commitments, the “Commitments”), on the terms and conditions thereof, as a term loan A (“Term Loan A”) facility under the Registrant’s Amended and Restated Credit Agreement dated as of December 22, 2021, as amended
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CASELLA WASTE SYSTEMS INC terminated Bridge Commitment Letter with Bank of America, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., Comerica Bank and Citizens Bank, N.A. (collectively, the "Commitment Parties") valued at up to $375 million (effective 2023-05-25).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., Comerica Bank and Citizens Bank, N.A. (collectively, the "Commitment Parties")
- Value
- up to $375 million
- Effective
- 2023-05-25
Exact text from the filing
On May 25, 2023, pursuant to the Loan Joinder and as a result of the successful syndication of the Term Loan A, the Bridge Commitment Letter was terminated.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CASELLA WASTE SYSTEMS INC entered into Specified Acquisition Loan Joinder with Bank of America, N.A., as administrative agent and lender and the other lenders party thereto (the “Specified Acquisition Lenders”) valued at up to $430.0 million (effective 2023-05-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent and lender and the other lenders party thereto (the “Specified Acquisition Lenders”)
- Value
- up to $430.0 million
- Effective
- 2023-05-25
Exact text from the filing
On May 25, 2023, Casella Waste Systems, Inc. (the “Registrant”) entered into a Specified Acquisition Loan Joinder (the “Loan Joinder”) by and among the Registrant, certain of its subsidiaries, Bank of America, N.A., as administrative agent and lender and the other lenders party thereto (the “Specified Acquisition Lenders”) pursuant to which the Specified Acquisition Lenders committed to lend to the Registrant up to $430.0 million (such commitments, the “Commitments”), on the terms and conditions thereof, as a term loan A (“Term Loan A”) facility under the Registrant’s Amended and Restated Credit Agreement dated as of December 22, 2021, as amended (the “Credit Agreement”), by and among Registrant, certain subsidiaries of Registrant, Bank of America, N.A. as administrative agent (in such capacity, the “Administrative Agent”) and lender, the other Specified Acquisition Lenders, and the other financial institutions from time to time party thereto.
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