CASELLA WASTE SYSTEMS, INC.

(CWST)
  Report
Delayed Nasdaq  -  05/25 04:00:00 pm EDT
69.70 USD   -0.31%
05/19CASELLA WASTE SYSTEMS INC : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
05/19Casella Waste Systems, Inc. Announces Pricing of $35.0 Million of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds
CI
05/19Casella Waste Systems Prices $35 Million of Bonds
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Casella Waste Systems, Inc. Announces Closing of $650 Million Amended and Restated Credit Facility

12/28/2021 | 04:15pm EDT

RUTLAND, Vt., Dec. 28, 2021 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced that on December 22, 2021, it entered into a $650 million Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent and swing line lender, Bank of America, N.A., Citizens Bank, N.A., JPMorgan Chase Bank N.A. and Comerica Bank as joint lead arrangers and joint bookrunners, and certain other agents and lenders (the “Credit Facility”). The Credit Facility matures on December 22, 2026 and replaces Casella’s prior $550 million credit facility.

The Credit Facility provides for a term loan A facility in the amount of $350 million and a revolving credit facility in the principal amount of up to $300 million, with a $75 million sublimit for letters of credit. The interest rate margin applicable to LIBOR based borrowings has been reduced, in the case of term loans, to 1.125% to 2.125% (from the previous range of 1.25% to 2.25%) based on consolidated net leverage ratio, and in the case of revolving loans, to a range of 1.125% to 2.125% (from the previous range of 1.25% to 2.25%) based on consolidated net leverage ratio. The Credit Facility contains customary provisions related to replacing the LIBOR benchmark with a SOFR based benchmark for calculating interest.   Additional information regarding the Credit Facility will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste management services consisting of collection, transfer, disposal, and recycling services in the northeastern United States. For further information, investors contact Ned Coletta, Chief Financial Officer at (802) 772-2239; media contact Joseph Fusco, Vice President at (802) 772-2247; or visit the Company’s website at http://www.casella.com.

Contact:

Ned Coletta
Chief Financial Officer
(802) 772-2239


Primary Logo

Source: Casella Waste Systems, Inc.

2021 GlobeNewswire, Inc., source Press Releases

All news about CASELLA WASTE SYSTEMS, INC.
05/19CASELLA WASTE SYSTEMS INC : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
05/19Casella Waste Systems, Inc. Announces Pricing of $35.0 Million of Vermont Economic Deve..
CI
05/19Casella Waste Systems Prices $35 Million of Bonds
MT
05/19Casella Waste Systems, Inc. Announces Pricing of $35.0 Million of Vermont Economic Deve..
AQ
05/17Casella Waste Systems, Inc. to Present at Upcoming Investor Conferences
AQ
05/05Casella Named Presenting Sponsor for Sustainability Conference
AQ
05/03CASELLA WASTE SYSTEMS INC : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
05/03Casella Waste Systems, Inc. Announces Offering of Vermont Economic Development Authorit..
AQ
05/03Casella Waste Systems, Inc. Announces Offering of Vermont Economic Development Authorit..
CI
05/03Berenberg Bank Adjusts Casella Waste Systems Price Target to $98 From $80, Maintains Bu..
MT
More news
Analyst Recommendations on CASELLA WASTE SYSTEMS, INC.
More recommendations
Financials (USD)
Sales 2022 1 018 M - -
Net income 2022 52,0 M - -
Net Debt 2022 475 M - -
P/E ratio 2022 69,5x
Yield 2022 -
Capitalization 3 599 M 3 599 M -
EV / Sales 2022 4,00x
EV / Sales 2023 3,66x
Nbr of Employees 2 900
Free-Float 96,7%
Chart CASELLA WASTE SYSTEMS, INC.
Duration : Period :
Casella Waste Systems, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CASELLA WASTE SYSTEMS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 69,70 $
Average target price 95,50 $
Spread / Average Target 37,0%
EPS Revisions
Managers and Directors
John W. Casella Chairman, Chief Executive Officer & Secretary
Edwin D. Johnson President & Chief Operating Officer
Edmond R. Coletta CFO, Treasurer, SVP & VP-Investor Relations
Joseph G. Doody Lead Independent Director
Michael K. Burke Independent Director
Sector and Competitors