---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-181016"
form_type: "8-K"
ticker: "CWST"
cik: "0000911177"
company_name: "CASELLA WASTE SYSTEMS INC"
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:34:59.770200+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Casella closes $525M acquisition of GFL's Mid-Atlantic solid waste assets; funds with $430M term loan

## Summary
- Purchase price of $525M funded by new $430M Term Loan A under existing credit facility and equity offering proceeds.
- Acquired assets include nine hauling operations, one transfer station, and one material recovery facility.
- Acquisition expected to generate aggregate annualized revenues of approximately $185 million.
- Term Loan A matures December 2026; initial interest rate margin 2.375% over adjusted Term SOFR.
- Expands Casella's footprint into adjacent Mid-Atlantic markets with operations similar to existing business.

## SEC filing metadata
- accession: 0001193125-23-181016
- form_type: 8-K
- ticker: CWST
- cik: 0000911177
- company_name: CASELLA WASTE SYSTEMS INC
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/911177/000119312523181016/0001193125-23-181016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/911177/000119312523181016/d524927d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-181016
- JSON: https://secwatch.observer/filing/0001193125-23-181016.json
- Plain text: https://secwatch.observer/filing/0001193125-23-181016.txt

## Key facts
- Debt Financings
  CASELLA WASTE SYSTEMS INC incurred term loan of $430.0 million with Bank of America, N.A., as administrative agent and other lenders at 2.375% over adjusted Term SOFR maturing December 22, 2026.
  - Instrument: term loan
  - Principal: $430.0 million
  - Counterparty: Bank of America, N.A., as administrative agent and other lenders
  - Rate: 2.375% over adjusted Term SOFR
  - Maturity: December 22, 2026
  - Event: incurrence
  source text: On June 30, 2023, pursuant to the Loan Joinder, the Company borrowed $430.0 million as a Term Loan A under the Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/911177/000119312523181016/0001193125-23-181016-index.htm

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