Casella Waste ( (CWST) ) has shared an update.
Casella Waste Systems, Inc. has secured a $1.5 billion credit facility with Bank of America and other lenders, set to mature on September 27, 2029. This new facility, featuring an $800 million term loan and a $700 million revolving credit line, refinances existing debt and provides additional liquidity for corporate initiatives like acquisitions. The interest rates for borrowing are tied to a leverage ratio-based margin and may include sustainability performance adjustments. The agreement imposes customary conditions and financial covenants, with the company focusing on maintaining financial flexibility while pursuing strategic growth.
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