Casella Waste announces pricing of New Hampshire solid waste disposal revenue bonds

Casella Waste Systems, Inc (Nasdaq:CWST), a regional solid waste, recycling and resource management services company, has announced that it has priced the previously announced offering of up to $5,500,000 principal amount of Business Finance Authority of the State of New Hampshire Solid Waste Disposal Long-Term Revenue Bonds (Casella Waste Systems, Inc. Project), Series 2013 due April 1, 2029. 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.
Interest on the Bonds will initially accrue at a variable rate as determined on a weekly basis by the remarketing agent. The interest rate of the Bonds as of the closing will be 0.200%. The issuance of the Bonds is expected to close on April 4, 2013.
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.
RUTLAND, Vt., April 3, 2013 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc