---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-166977"
form_type: "8-K"
ticker: "CWST"
cik: "0000911177"
company_name: "CASELLA WASTE SYSTEMS INC"
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:48:37.998596+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Casella Waste prices public offering of 5.26M shares at $85.50; expects ~$431.5M net proceeds

## Summary
- Offering of 5,263,158 shares at $85.50/share; underwriters have 30-day option for additional 789,473 shares.
- Net proceeds expected ~$431.5M ($496.3M if option fully exercised) after underwriting discounts and expenses.
- Proceeds to help finance acquisitions from GFL Environmental and Consolidated Waste Services, repay revolver, and for general corporate purposes.
- Offering expected to close June 16, 2023; joint book-runners: Raymond James and Stifel.
- Shares sold by Casella; use of proceeds includes previously announced acquisitions.

## SEC filing metadata
- accession: 0001193125-23-166977
- form_type: 8-K
- ticker: CWST
- cik: 0000911177
- company_name: CASELLA WASTE SYSTEMS INC
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/911177/000119312523166977/0001193125-23-166977-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/911177/000119312523166977/d508005d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-166977
- JSON: https://secwatch.observer/filing/0001193125-23-166977.json
- Plain text: https://secwatch.observer/filing/0001193125-23-166977.txt

## Key facts
- Material Agreements
  CASELLA WASTE SYSTEMS INC entered into Underwriting Agreement with Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated valued at 5,263,158 shares at $85.50 per share, expected net proceeds ~$431.5 million (effective 2023-06-13).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated
  - Value: 5,263,158 shares at $85.50 per share, expected net proceeds ~$431.5 million
  - Effective: 2023-06-13
  source text: On June 13, 2023, Casella Waste Systems, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated acting as the representatives of the several underwriters named therein (collectively, the “Underwriters”), relating to an underwritten public offering of 5,263,158 shares (the “Underwritten Shares”) of the Company’s Class A common stock, $0.01 par value per share (the “Common Stock”), being sold by the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/911177/000119312523166977/0001193125-23-166977-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.