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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.
See more insights into CWST stock on TipRanks’ Stock Analysis page.
