Casella Waste Systems, Inc. commenced remarketing of $15.0 million New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2, with mandatory tender and new interest rate expected on June 1, 2026.
Key takeaways
Commenced remarketing of $15.0 million Bonds Series 2014R-2 issued under 2014 Indenture, drawn down June 2, 2016.
Current interest rate period expires May 31, 2026; mandatory tender and remarketing expected June 1, 2026 at new rate.
Bonds mature December 1, 2044 and guaranteed by all or substantially all Company subsidiaries.
As of March 31, 2026, Company had $1.165 billion total outstanding indebtedness including $273.5 million tax-exempt bonds.
$673.4 million unused Revolving Credit Facility commitments and $126.9 million cash as of March 31, 2026.
Bonds offered only to qualified institutional buyers under Rule 144A; no assurance remarketing will complete.