Casella Waste (CWST) to Offer $205M Senior Secured Second Lien Notes
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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.
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