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Casella Waste Raise $200M in Note Sale

Casella Waste Systems has raised a total of $200 million in a sale of senior subordinated notes.

Casella Waste Systems has raised a total of $200 million in a sale of senior subordinated notes, Reuters reports. The bonds, which carry a coupon rate of 7.75%, will mature on Feb. 15, 2019.

The U.S. waste management company will use the proceeds from the offering to refinance its 9.75% senior subordinated notes due 2013. The joint book-running managers for the sale were Bank of America Merrill Lynch, JP Morgan and Credit Agricole.

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