Casella Waste Systems, Inc (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today an offering of up to $5,500,000 principal amount of Business Finance Authority of the State of New Hampshire ("BFA") Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project), Series 2013 (the "Bonds") due April 1, 2029, under an indenture between BFA and the Bond trustee. An additional $5,500,000 aggregate principal amount of Bonds may be offered under the same indenture in the future. The net proceeds of the Bonds will be loaned to Casella to enable it to repay borrowings under its revolving credit facility for assets purchased in New Hampshire since October 5, 2011. A letter of credit payable to the Bond trustee may be drawn on to pay the principal, purchase price and interest due on the Bonds.
The Bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Bonds, nor shall there be any sale of the Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
RUTLAND, VT--(Marketwire - March 25, 2013) - Casella
Casella Waste Systems announces $5.5 million New Hampshire solid waste disposal revenue bond offering
Submitted by tim
on