Casella Waste Systems Files 8-K

TL;DR

Casella Waste Systems filed a routine 8-K with financial updates.

AI Summary

On November 21, 2024, Casella Waste Systems, Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, indicating a routine update rather than a significant event. No specific financial figures or new business developments were detailed in the provided excerpt.

Why It Matters

This filing serves as a standard disclosure for Casella Waste Systems, Inc., providing updates on financial statements and exhibits to the SEC.

Risk Assessment

Risk Level: low — The filing appears to be a standard procedural update with no immediate material impact or new risks disclosed.

Key Players & Entities

• Casella Waste Systems, Inc. (company) — Registrant
• 25 Greens Hill Lane, Rutland, Vermont 05701 (location) — Principal executive offices address
• November 21, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — which registered Class A common stock, $0.01 par value per share CWST The Nasdaq Sto
• $45.0 million — ompany") announced an offering of up to $45.0 million aggregate principal amount of the Finan

Filing Documents

• cwst-20241121.htm (8-K) — 45KB
• cwst-ex991112124.htm (EX-99.1) — 13KB
• 0000911177-24-000112.txt ( ) — 184KB
• cwst-20241121.xsd (EX-101.SCH) — 2KB
• cwst-20241121_lab.xml (EX-101.LAB) — 21KB
• cwst-20241121_pre.xml (EX-101.PRE) — 12KB
• cwst-20241121_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On November 21, 2024, Casella Waste Systems, Inc. (the "Company") announced an offering of up to $45.0 million aggregate principal amount of the Finance Authority of Maine (the "Authority") Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2024 (the "Bonds") under an indenture between the Authority and the bond trustee. The Bonds will be guaranteed under a guaranty (the "Guaranty") by substantially all of the Company's subsidiaries (the "Guarantors"), as required by the terms of the financing agreement between the Authority and the Company (the "Financing Agreement") pursuant to which the Authority will loan the proceeds of the Bonds to the Company. The Company intends to use the proceeds of the Bonds to fund the costs of certain qualifying capital projects in the State of Maine, to pay certain costs of issuance, and to refinance and repay in full on the stated maturity date of January 1, 2025 (required to be paid on January 2, 2025 under the applicable indenture) the Authority's Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2005 (the " 2005 Bonds ") previously issued to finance certain project costs and costs of issuance under an indenture between the Authority and the bond trustee dated as of December 1, 2005, as amended. The exact terms and timing of the offering of the Bonds will depend upon market conditions and other factors. There can be no assurance that all approvals with respect to the Bonds will be received, that all other conditions to the issuance of the Bonds will be satisfied or that the offering will be completed. The Bonds will not be a general obligation of the Authority and will not constitute indebtedness of or a charge against the general credit of the Authority. The Bonds will not be a debt of the State of Maine or any political subdivision of the State of Maine and will be payable solely from any remarketing proceeds and from amounts received from the C

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Exhibit No. Exhibit Description 99.1 Press Release of Casella Waste Systems, Inc. dated November 21, 2024, relating to the offering of the Bonds. 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. 2

Forward-Looking Statements

Forward-Looking Statements Certain matters discussed in this Current Report on Form 8-K, including, among others, the statements regarding the offering of the Bonds and the Company's expectations regarding the use of proceeds of the Bonds (including to refinance the 2005 Bonds), are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as "believe," "expect," "anticipate," "plan," "may," "will," "would," "intend," "estimate," "guidance" and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which the Company operates and management's beliefs and assumptions. The Company cannot guarantee that the offering of the Bonds will be completed, that the Bond proceeds will be available or applied as expected, or that it actually will achieve the plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in the Company's forward-looking statements. Such risks and uncertainties include or relate to, among other things: market conditions and the Company's ability to consummate the offering of the Bonds, the receipt of all necessary consents and the satisfaction of all other closing conditions with respect to the issuance of the Bonds, as well as additional risks and uncertainties detailed in Item 1A, "Risk Factors" in the Company's Form 10-K for the fiscal year ended December 31, 2023, in Item 1A, "Risk Factors" in the Company's most recently filed Form 10-Q and in other filings that the Company periodic

View Full Filing

View this 8-K filing on SEC EDGAR