Moody's Upgrades Casella Waste Systems (CWST) to 'B2'; Outlook is Stable
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Casella Waste Systems (CWST) Plans Debt Refinancing; Boosts FY16 adj.-EBITDA Outlook
September 26, 2016 7:21 AM EDTCasella Waste Systems, Inc. (Nasdaq: CWST) announced that it has invited certain prospective lenders to a meeting scheduled for September 27, 2016 for purposes of considering a potential debt refinancing, pursuant to which the Company intends to enter into a new term loan B facility in an amount of approximately $350,000,000 and a revolving line of credit facility in an amount of approximately $150,000,000 (the Potential Refinancing). The proceeds of the Potential Refinancing, if effected, would be used for the redemption of all of the Companys outstanding 7.75% Senior Subordinated Notes due 2019 (the Senior Subordinated Notes), the... More
