debt
confidence high
sentiment neutral
materiality 0.50
Casella Waste issues $45M in Series 2024 revenue bonds at 4.625% to refinance 2005 bonds
CASELLA WASTE SYSTEMS INC
- Issued $45M in solid waste disposal revenue bonds (Series 2024) through Finance Authority of Maine.
- Initial fixed rate 4.625% per annum through June 1, 2035; may convert to variable rate thereafter.
- Proceeds used to repay Series 2005 bonds maturing Jan 2, 2025, and fund qualifying Maine capital projects.
- Bonds are guaranteed by substantially all subsidiaries under a guaranty agreement dated Dec 1, 2024.
- Change of control triggers offer to repurchase; acceleration tied to senior credit facility default.