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.
Click here for the story from Reuters.
Click here for additional coverage from Market Wire.