Casella Waste Systems, Inc. Announces Offering of the Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds

Core Viewpoint - Casella Waste Systems, Inc. is offering up to $25.0 million in Solid Waste Disposal Revenue Bonds to finance capital projects in Vermont, utilizing proceeds from previously issued bonds [1]. Group 1: Bond Offering Details - The offering consists of Solid Waste Disposal Revenue Bonds Series 2022A-2, which are part of a larger issuance where$35.0 million was initially loaned to the company in June 2022 [1]. - The Bonds will be guaranteed by all or substantially all of Casella's subsidiaries, as required by the loan agreement [1]. - The net proceeds from the Bonds will be used to finance and/or reimburse certain capital project costs in Vermont [1]. Group 2: Conditions and Regulatory Aspects - The exact terms and timing of the bond offering will depend on market conditions and other factors, with no assurance that all approvals will be received [2]. - The Bonds will not be a general obligation of the Issuer and will not constitute a debt of the State of Vermont or any political subdivision [3]. - The Bonds will be offered only to qualified institutional buyers and have not been registered under the Securities Act [4].