Casella waste systems, inc. announces pricing of $25.0 million of remarketed new york state environmental facilities corporation solid waste disposal revenue bonds (casella waste systems, inc. project) series 2014

Casella waste systems, inc. has priced the previously announced remarketing of $25.0 million aggregate principal amount of new york state environmental facilities corporation solid waste disposal revenue bonds (casella waste systems, inc. project) series 2014. the bonds were originally issued on december 18, 2014 as draw-down bonds and have a final maturity date of december 1, 2044. pursuant to the indenture under which the bonds were issued, the interest rate period under which the bonds were previously issued is expiring on december 1, 2019, and accordingly, the bonds will be remarketed on december 2, 2019 at the new interest rate of 2.875% per annum for the new interest rate period ending on december 2, 2029. the bonds are guaranteed by all or substantially all of casella’s subsidiaries, as required pursuant to the terms of the loan agreement pursuant to which the issuer loaned the proceeds of the bonds to casella. the bonds are not a general obligation of the issuer and do not constitute an indebtedness of or a charge against the general credit of the issuer. the bonds are not a debt of the state of new york and are payable solely from amounts received from casella under the terms of the indenture.
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