Casella Waste Systems, Inc.
CWST, a regional solid waste, recycling and resource management
services company, announced today that it has priced the previously announced
offering of up to $16,000,000 principal amount of Vermont Economic Development
Authority ("VEDA") Solid Waste Disposal Long-Term Revenue Bonds (Casella Waste
Systems, Inc. Project), Series 2013 (the "Bonds"). During the initial five
year term interest rate period, the interest rate of the Bonds will be 4.75%.
The Bonds will mature on April 1, 2036 and will be guaranteed by certain
subsidiaries of Casella, pursuant to the terms of the Bond indenture. The
issuance of the Bonds is expected to close on April 4, 2013.
The proceeds of the Bonds will be loaned to Casella to enable it to repay
borrowings under its revolving credit facility for assets purchased in Vermont
since October 5, 2011.
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