Markets.News
Casella Waste Systems, Inc. announced an offering of up to $25.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds. These Bonds represent the drawdown of the remainder from a previous loan of $35.0 million in June 2022 and will be guaranteed by Casella's subsidiaries. The net proceeds of the Bonds will be used to finance and reimburse Casella for certain capital projects in Vermont. The offering is under an indenture and loan agreement dated June 1, 2022, with a deadline of June 1, 2025, for the drawdown.