Casella Waste Systems Remarkets $15M Bonds at 4.30% for 10-Year Period
CWST•Casella Waste Systems remarketed $15 million of New York State EFC Solid Waste Disposal Revenue Bonds Series 2014R-2 at a 4.30% interest rate for the June 2026–June 2036 period. Mandatory tender is June 1, 2026, with bonds offered to qualified institutional buyers under Rule 144A.
1. Bond Remarketing Terms
Casella Waste Systems priced the remarketing of $15 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2. The Bonds will bear interest at 4.300% per annum for the new interest period commencing June 1, 2026 and ending June 1, 2036.
2. Tender and Maturity
Under the Indenture, bondholders are subject to a mandatory tender on June 1, 2026. The remarketed Bonds have a final maturity date of December 1, 2044.
3. Guarantee Structure
All or substantially all of Casella’s subsidiaries guarantee the Bonds under a Guaranty Agreement. Payments are made solely from amounts received from Casella and the Guarantors, without recourse to New York State.
4. Offering and Eligibility
The Bonds are offered only to qualified institutional buyers in a Rule 144A transaction. They remain unregistered under the Securities Act and are not obligations of the Issuer or the State.
