{"schema_version":"secwatch.filing_event.v1","accession":"0000911177-23-000066","form_type":"8-K","ticker":"CWST","cik":"0000911177","company_name":"CASELLA WASTE SYSTEMS INC","filed_at":"2023-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.762260+00:00","generated_at":"2026-06-14T12:21:12.638236+00:00","sec_items":["1.01","1.02","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Casella Waste secures $430M Term Loan A to fund $525M acquisition of GFL waste entities","bullets":["Entered Specified Acquisition Loan Joinder for up to $430M Term Loan A under existing credit agreement.","Proceeds to fund acquisition of Waste Industries of Maryland, Pink Trash, etc. from GFL Environmental for ~$525M cash.","Term Loan A matures Dec 22, 2026; quarterly amortization of 1.25%; interest margin initially 2.375% over adjusted Term SOFR.","Prior $375M bridge commitment letter terminated upon syndication of Term Loan A."],"urls":{"canonical":"https://secwatch.observer/filing/0000911177-23-000066","json":"https://secwatch.observer/filing/0000911177-23-000066.json","markdown":"https://secwatch.observer/filing/0000911177-23-000066.md","text":"https://secwatch.observer/filing/0000911177-23-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/911177/000091117723000066/0000911177-23-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/911177/000091117723000066/cwst-20230525.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T12:21:12.638236+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"59c5e8929719f483d073ea621faccf8b116be4d1","claim":"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..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/911177/000091117723000066/0000911177-23-000066-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"increase in the principal amount of Term Loan A from the originally anticipated $400.0 million to $430.0 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"b949e971a53b150ff003f39348cefee83a1614d1","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/911177/000091117723000066/0000911177-23-000066-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $430.0 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"2.375% over adjusted Term SOFR (or 1.375% over Base Rate)"},{"label":"Maturity","value":"December 22, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a5ee306b25ff5a17e6d3b98e57ee128ca88ab91a","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/911177/000091117723000066/0000911177-23-000066-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., Comerica Bank and Citizens Bank, N.A. (collectively, the \"Commitment Parties\")"},{"label":"Value","value":"up to $375 million"},{"label":"Effective","value":"2023-05-25"}],"fact_type":"material_agreement"},{"claim_id":"cf752b90587218afa43c47eac59a6be3602db119","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/911177/000091117723000066/0000911177-23-000066-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent and lender and the other lenders party thereto (the “Specified Acquisition Lenders”)"},{"label":"Value","value":"up to $430.0 million"},{"label":"Effective","value":"2023-05-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}