debt
confidence high
sentiment neutral
materiality 0.25
Casella Waste Systems closes remarketing of $15M in NY environmental bonds at 4.300%
CASELLA WASTE SYSTEMS INC
- Remarketed $15.0M of Series 2014R-2 Solid Waste Disposal Revenue Bonds at 4.300% per annum for a 10-year period ending June 1, 2036.
- Bonds originally drawn in 2016; final maturity remains December 1, 2044.
- Proceeds used to finance asset purchases in New York and pay issuance costs.
- Subsidiaries guarantee the bonds under Amended and Restated Guaranty reaffirmed on June 1, 2026.
- If tax covenants breached, bonds become taxable and subject to mandatory redemption at par.