Casella Waste Systems (CWST) Announces $135M Senior Debt Offering
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Casella Waste Systems, Inc. (Nasdaq: CWST) intends to offer $135 million aggregate principal amount of 7 3/4% senior subordinated notes due 2019 (the "Notes"). The Notes are being offered as additional debt securities under an indenture pursuant to which the Company previously issued senior subordinated notes.
The Notes are being offered in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons outside the United States under Regulation S under the Securities Act.
The Company intends to use the net proceeds of the offering to refinance its 11% Senior Second Lien Notes due 2014, of which $180,000,000 aggregate principal amount is outstanding.
The Notes are being offered in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons outside the United States under Regulation S under the Securities Act.
The Company intends to use the net proceeds of the offering to refinance its 11% Senior Second Lien Notes due 2014, of which $180,000,000 aggregate principal amount is outstanding.
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