Casella Waste Systems Enters Material Definitive Agreement
Ticker: CWST · Form: 8-K · Filed: Sep 30, 2024 · CIK: 911177
| Field | Detail |
|---|---|
| Company | Casella Waste Systems Inc (CWST) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.01, $800.0 million, $700.0 m, $155.0 million, $200.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Casella Waste Systems just signed a big deal, expect financial moves.
AI Summary
On September 27, 2024, Casella Waste Systems, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The principal executive offices are located at 25 Greens Hill Lane, Rutland, Vermont.
Why It Matters
This filing indicates a significant financial commitment or obligation for Casella Waste Systems, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can involve substantial financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Casella Waste Systems, Inc. (company) — Registrant
- September 27, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 25 Greens Hill Lane, Rutland, Vermont 05701 (address) — Principal Executive Offices
FAQ
What type of material definitive agreement did Casella Waste Systems, Inc. enter into?
The filing indicates the entry into a material definitive agreement that constitutes a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant, but the specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 27, 2024.
Where are Casella Waste Systems, Inc.'s principal executive offices located?
Casella Waste Systems, Inc.'s principal executive offices are located at 25 Greens Hill Lane, Rutland, Vermont 05701.
What is the Standard Industrial Classification (SIC) code for Casella Waste Systems, Inc.?
The SIC code for Casella Waste Systems, Inc. is 4953, which corresponds to Refuse Systems.
What is the fiscal year end for Casella Waste Systems, Inc.?
The fiscal year end for Casella Waste Systems, Inc. is December 31.
Filing Stats: 2,319 words · 9 min read · ~8 pages · Grade level 13.9 · Accepted 2024-09-30 08:09:30
Key Financial Figures
- $0.01 — which registered Class A common stock, $0.01 par value per share CWST The Nasdaq
- $800.0 million — n A facility in the principal amount of $800.0 million (the "Term Loan Facility") and a revolv
- $700.0 m — cility in the principal amount of up to $700.0 million, with a $155.0 million sublimit f
- $155.0 million — amount of up to $700.0 million, with a $155.0 million sublimit for letters of credit (the "Re
- $200.0 million — dditional loans of up to the greater of $200.0 million (plus the amount of certain voluntary p
- $100 million — lidated total funded debt (net of up to $100 million of cash and cash equivalents) to consol
Filing Documents
- d823888d8k.htm (8-K) — 57KB
- d823888dex101.htm (EX-10.1) — 1398KB
- d823888dex991.htm (EX-99.1) — 7KB
- g823888g0927204338325.jpg (GRAPHIC) — 3KB
- g823888g0927204338562.jpg (GRAPHIC) — 4KB
- g823888g0927204339027.jpg (GRAPHIC) — 2KB
- g823888g0927204339277.jpg (GRAPHIC) — 2KB
- g823888g66g66.jpg (GRAPHIC) — 153KB
- g823888g67g67.jpg (GRAPHIC) — 174KB
- g823888g68g68.jpg (GRAPHIC) — 161KB
- g823888g69g69.jpg (GRAPHIC) — 173KB
- 0001193125-24-228456.txt ( ) — 2817KB
- cwst-20240927.xsd (EX-101.SCH) — 3KB
- cwst-20240927_lab.xml (EX-101.LAB) — 17KB
- cwst-20240927_pre.xml (EX-101.PRE) — 11KB
- d823888d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 Second Amended and Restated Credit Agreement, dated as of September 27, 2024, among Casella Waste Systems, Inc., the subsidiaries of Casella Waste Systems, Inc. identified therein, Bank of America, N.A., as administrative agent, BofA Securities, Inc. and TD Securities (USA) LLC, as Sustainability Coordinators, the other letter of credit issuers and arrangers party thereto. 99.1 Press Release of Casella Waste Systems, Inc. dated September 30, 2024. 101.SCH Inline XBRL Taxonomy Extension Schema Document.** 101.LAB Inline XBRL Taxonomy Label Linkbase Document.** 101.PRE Inline XBRL Taxonomy Presentation Linkbase Document.** 104 Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101). ** Submitted Electronically Herewith 5 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CASELLA WASTE SYSTEMS, INC. Date: September 30, 2024 By: /s/ Bradford J. Helgeson Bradford J. Helgeson Senior Vice President and Chief Financial Officer 6