Casella Waste Systems, Inc. Announces Remarketing of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds
Casella Waste Systems (NASDAQ:CWST) has announced the remarketing of $37.5 million in New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds. The company plans to redeem $2.5 million of the original $40 million bonds on September 2, 2025.
The bonds, which mature on September 1, 2050, will undergo mandatory tender and remarketing on September 2, 2025, establishing a new interest rate period. The bonds are guaranteed by Casella's subsidiaries but do not constitute a general obligation of the issuer or New York State. The offering is exclusively available to qualified institutional buyers under Rule 144A.
["Bonds are fully guaranteed by Casella's subsidiaries, providing security for investors", "Long-term maturity date of September 1, 2050 provides stable financing structure"]Casella Waste Systems (NASDAQ:CWST) ha comunicato il remarketing di 37,5 milioni di dollari in New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds. La societ脿 ha in programma di rimborsare 2,5 milioni di dollari dei precedenti 40 milioni di dollari il 2 settembre 2025.
I titoli, con scadenza il 1掳 settembre 2050, saranno soggetti a tender obbligatorio e remarketing il 2 settembre 2025, dando avvio a un nuovo periodo di tasso d鈥檌nteresse. Le obbligazioni sono garantite dalle controllate di Casella, ma non costituiscono un鈥檕bbligazione generale dell鈥檈mittente n茅 dello Stato di New York. L鈥檕fferta 猫 riservata esclusivamente a acquirenti istituzionali qualificati ai sensi della Regola 144A.
Le obbligazioni sono completamente garantite dalle controllate di Casella, offrendo sicurezza agli investitori. La data di scadenza a lungo termine del 1掳 settembre 2050 assicura una struttura di finanziamento stabile.
Casella Waste Systems (NASDAQ:CWST) ha anunciado el remarketing de 37,5 millones de d贸lares en New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds. La compa帽铆a planea redimir 2,5 millones de d贸lares de los 40 millones de d贸lares originales el 2 de septiembre de 2025.
Los bonos, con vencimiento el 1 de septiembre de 2050, se someter谩n a una oferta obligatoria y remarketing el 2 de septiembre de 2025, estableciendo un nuevo periodo de tipo de inter茅s. Los bonos est谩n garantizados por las filiales de Casella, pero no constituyen una obligaci贸n general del emisor ni del Estado de Nueva York. La oferta est谩 disponible exclusivamente para compradores institucionales calificados conforme a la Regla 144A.
Los bonos est谩n totalmente garantizados por las filiales de Casella, proporcionando seguridad a los inversores. La fecha de vencimiento a largo plazo del 1 de septiembre de 2050 proporciona una estructura de financiamiento estable.
Casella Waste Systems (NASDAQ:CWST)電� New York State Environmental Facilities Corporation鞚� 瓿犿槙韽愱赴氍� 觳橂Μ 靾橃澋毂勱秾 齑� 3,750毵� 雼煬鞐� 雽�頃� 毽旒�韺呾潉 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 鞗愲灅 4,000毵� 雼煬 欷� 250毵� 雼煬毳� 2025雲� 9鞗� 2鞚� 靸來櫂頃� 鞓堨爼鞛呺媹雼�.
鞚� 毂勱秾鞚� 2050雲� 9鞗� 1鞚� 毵岅赴鞚措┌ 2025雲� 9鞗� 2鞚� 鞚橂鞝� 韰岆崝(tender)鞕� 毽旒�韺呾潉 瓯办硱 靸堧鞖� 鞚挫瀽 旮瓣皠鞚� 鞁滌瀾霅╇媹雼�. 毂勱秾鞚� Casella鞚� 鞛愴殞靷摛鞚� 氤挫頃橃毵� 氚滍枆鞛愲倶 雺挫殨欤检潣 鞚茧皹 毂勲毳� 甑劚頃橃電� 鞎婌姷雼堧嫟. 鞚措矆 氚滍枆鞚� Rule 144A鞐� 霐半ジ 鞝侁博 旮瓣磤 韴瀽鞛愳棎瓴岆 鞝滉车霅╇媹雼�.
毂勱秾鞚� Casella鞚� 鞛愴殞靷摛鞚� 鞝勳暋 氤挫頃橃棳 韴瀽鞛愳棎瓴� 鞎堨爠靹膘潉 鞝滉车頃╇媹雼�. 2050雲� 9鞗� 1鞚检潣 鞛リ赴 毵岅赴電� 鞎堨爼鞝侅澑 鞛愱笀 甑“毳� 鞝滉车頃╇媹雼�.
Casella Waste Systems (NASDAQ:CWST) a annonc茅 le remarketing de 37,5 millions de dollars d鈥檕bligations Solid Waste Disposal Revenue Bonds 茅mises par la New York State Environmental Facilities Corporation. La soci茅t茅 pr茅voit de rembourser 2,5 millions de dollars des 40 millions de dollars initiaux le 2 septembre 2025.
Les obligations, arrivant 脿 茅ch茅ance le 1er septembre 2050, feront l鈥檕bjet d鈥檜n tender obligatoire et d鈥檜n remarketing le 2 septembre 2025, 茅tablissant une nouvelle p茅riode de taux d鈥檌nt茅r锚t. Elles sont garanties par les filiales de Casella mais ne constituent pas une obligation g茅n茅rale de l鈥櫭﹎etteur ni de l鈥櫭塼at de New York. L鈥檕ffre est r茅serv茅e exclusivement aux investisseurs institutionnels qualifi茅s selon la Rule 144A.
Les obligations sont enti猫rement garanties par les filiales de Casella, offrant une s茅curit茅 aux investisseurs. La date d鈥櫭ヽh茅ance 脿 long terme du 1er septembre 2050 assure une structure de financement stable.
Casella Waste Systems (NASDAQ:CWST) hat das Remarketing von 37,5 Millionen US-Dollar an Solid Waste Disposal Revenue Bonds der New York State Environmental Facilities Corporation angek眉ndigt. Das Unternehmen plant, am 2. September 2025 2,5 Millionen US-Dollar der urspr眉nglich 40 Millionen US-Dollar 锄耻谤眉肠办锄耻锄补丑濒别苍.
Die Anleihen mit F盲lligkeit am 1. September 2050 unterliegen am 2. September 2025 einer obligatorischen Tender- und Remarketing-Phase, wodurch ein neuer Zinszeitraum beginnt. Die Anleihen werden von Casellas Tochtergesellschaften garantiert, stellen jedoch keine allgemeine Verpflichtung des Emittenten oder des Bundesstaates New York dar. Das Angebot richtet sich ausschlie脽lich an qualifizierte institutionelle K盲ufer gem盲脽 Rule 144A.
Die Anleihen sind vollst盲ndig durch Casellas Tochtergesellschaften garantiert und bieten Anlegern Sicherheit. Das langfristige F盲lligkeitsdatum 1. September 2050 sorgt f眉r eine stabile Finanzierungsstruktur.
- None.
- Limited to qualified institutional buyers only, restricting potential investor base
- Subject to market conditions and other factors that may affect remarketing completion
Insights
Casella's routine bond remarketing represents standard debt management with minimal financial impact.
Casella Waste Systems is remarketing
This represents routine debt management rather than a significant financial event. The bonds maintain their original September 2050 maturity date, and the company isn't taking on additional debt but rather refinancing existing obligations. The remarketed bonds will only be offered to qualified institutional buyers under Rule 144A.
From a financial structure perspective, this transaction maintains Casella's existing debt profile with minimal changes. The
What's notable is that these bonds are guaranteed by substantially all of Casella's subsidiaries but don't constitute an obligation of New York State. This demonstrates how waste management companies often utilize specialized environmental financing instruments that benefit from tax advantages while maintaining the full financial backing of the corporate entity.
RUTLAND, Vt., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (鈥淐asella鈥�) (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced that it has commenced the remarketing of
The Bonds have a final maturity of September 1, 2050. Pursuant to the indenture under which the Bonds were offered (the 鈥淚ndenture鈥�), the interest rate period under which the Bonds were previously issued is expiring on September 1, 2025, and accordingly, Casella expects that the Bonds will be subject to mandatory tender and will be remarketed on September 2, 2025 at a new interest rate for a new interest rate period commencing on September 2, 2025. The Bonds have been guaranteed by all or substantially all of Casella鈥檚 subsidiaries, as required pursuant to the terms of the loan agreement pursuant to which the Issuer loaned the proceeds of the Bonds to Casella. The Bonds are not a general obligation of the Issuer and do not constitute an indebtedness of or a charge against the general credit of the Issuer. The Bonds are not a debt of the State of New York and are payable solely from amounts received from Casella under the terms of the Indenture. The remarketing and redemption is expected to become effective on September 2, 2025.
The Remarketed Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�). The interest rate period, interest rate and timing of the remarketing of the Remarketed Bonds will depend upon market conditions and other factors, and there can be no assurance that the remarketing or redemption will be completed. The Remarketed Bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Remarketed Bonds, nor shall there be any sale of the Remarketed Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Safe Harbor Statement
Certain matters discussed in this press release, including, among others, the statements regarding the remarketing of the Remarketed Bonds, are 鈥渇orward-looking statements鈥� intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥減lan,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渋ntend,鈥� 鈥渆stimate,鈥� 鈥済uidance鈥� and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which Casella operates and management鈥檚 beliefs and assumptions. Casella cannot guarantee that the remarketing or redemption of the Bonds will be completed, that the Bond proceeds will be available or applied as expected or that it will achieve the plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in Casella鈥檚 forward-looking statements. Such risks and uncertainties include or relate to, among other things: market conditions and Casella鈥檚 ability to consummate the remarketing of the Remarketed Bonds, the receipt of all necessary consents and the satisfaction of all other closing conditions with respect to the remarketing of the Remarketed Bonds, as well as additional risks and uncertainties detailed in Item 1A, 鈥淩isk Factors鈥� in Casella鈥檚 Form 10-K for the fiscal year ended December 31, 2024 and in other filings that Casella periodically makes with the Securities and Exchange Commission. There can be no assurance that Casella will be able to complete the remarketing or redemption of the Bonds on the anticipated terms, or at all. Casella undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
Investors:
Brian J. Butler, CFA
Vice President of Investor Relations
(802) 855-4070
Media:
Jeff Weld
Vice President of Communications
(802) 772-2234
http://www.casella.com
FAQ
What is the total value of Casella Waste Systems' (CWST) bond remarketing in 2025?
When will CWST's remarketed bonds mature?
Who can purchase Casella Waste Systems' remarketed bonds?
Are CWST's remarketed bonds backed by New York State?
When will the CWST bond remarketing become effective?
