CASELLA WASTE SYSTEMS INC (CWST): debt financing — Casella Waste draws $35M in tax-exempt bonds for NY projects, initial rate 5.125%

CASELLA WASTE SYSTEMS INC

Issued $35M Series 2020R-2 bonds from the existing $75M authorization, drawn on August 24, 2023.
Initial term interest rate of 5.125% per annum, ending September 2, 2030; resets thereafter.
Proceeds used to finance/reimburse capital projects in New York and pay issuance costs.
Obligations guaranteed by substantially all subsidiaries under an amended and restated guaranty.

item 1.01 item 2.03 item 9.01

Key facts

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 incurred senior notes of $35.0 million at 5.125% per annum maturing September 2, 2030.

Instrument: senior notes
Principal: $35.0 million
Rate: 5.125% per annum
Maturity: September 2, 2030
Event: incurrence

Exact text from the filing

On August 24, 2023, Casella Waste Systems, Inc. (the “Company”) completed a financing transaction pursuant to which the Company incurred indebtedness in the principal amount of $35.0 million.

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CASELLA WASTE SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000911177-23-000129

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