Casella Waste Systems, Inc. Announces Remarketing of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds

Core Viewpoint - Casella Waste Systems, Inc. is initiating the remarketing of $37.5 million of Solid Waste Disposal Revenue Bonds, with a redemption of $2.5 million expected on September 2, 2025, and the remaining bonds to be remarketed on the same date [1][2]. Group 1: Bond Details - The total principal amount of the Bonds originally issued was $40.0 million, with a final maturity date set for September 1, 2050 [2]. - The interest rate period for the Bonds is expiring on September 1, 2025, leading to a mandatory tender and remarketing at a new interest rate starting September 2, 2025 [2]. - The Bonds are guaranteed by all or substantially all of Casella's subsidiaries, and they are not a general obligation of the Issuer or the State of New York [2]. Group 2: Remarketing Process - The Remarketed Bonds will be offered exclusively to qualified institutional buyers as defined under Rule 144A of the Securities Act [3]. - The timing and interest rate for the remarketing will depend on market conditions, with no assurance that the remarketing or redemption will be completed [3].