Casella Waste (CWST) to Offer $205M Senior Secured Second Lien Notes
Casella Waste Systems, Inc. (NASDAQ: CWST) announced today that it intends to offer $205 million aggregate principal amount of senior secured second lien notes due 2014.
The net proceeds from the offering will be used to repay a portion of the borrowings under the company's existing senior secured credit facility. The offering will be conditioned on the closing of a new senior secured first lien credit facility which will be used to refinance the balance of the borrowings under the company's existing senior secured credit facility.
The net proceeds from the offering will be used to repay a portion of the borrowings under the company's existing senior secured credit facility. The offering will be conditioned on the closing of a new senior secured first lien credit facility which will be used to refinance the balance of the borrowings under the company's existing senior secured credit facility.
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