debt
confidence high
sentiment neutral
materiality 0.35
Casella Waste Systems remarkets $29M in tax-exempt bonds at 5%, redeems $1M
CASELLA WASTE SYSTEMS INC
- Remarketed $29.0M of Series 2015R-3 bonds at 5.000% per annum, maturing July 31, 2035.
- Redeemed $1.0M aggregate principal amount of bonds with cash on hand.
- Remarketed bonds are guaranteed by substantially all subsidiaries under a reaffirmed Guaranty.
- Proceeds originally used to finance asset purchases for Maine operations; interest remains tax-exempt subject to covenants.
item 8.01