Casella plans to borrow from credit facility to fund notes redemption

By Marisa Wong

Morgantown, W.Va., May 24 – Casella Waste Systems, Inc. intends to use borrowings under its senior credit facility to fund a redemption of senior subordinated notes, according to an 8-K filing with the Securities and Exchange Commission.

The company plans to call $12.5 million of its 7¾% notes at 101.938 plus accrued interest.

The company plans to issue a notice of redemption by May 30, with the redemption date to be before June 30.

Casella is a Rutland, Vt.-based regional solid waste, recycling and resource management services company.

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