Casella Waste Systems Files 8-K

TL;DR

Casella Waste Systems filed an 8-K, likely with financial updates.

AI Summary

Casella Waste Systems, Inc. filed an 8-K on December 17, 2024, to report other events and financial statements and exhibits. The filing does not contain specific details about new transactions or financial results in the provided text, but serves as a notification of these items.

Why It Matters

This filing indicates Casella Waste Systems is providing updates to the SEC, which could include material information relevant to investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural document without immediate negative or positive financial implications disclosed in the provided text.

Key Players & Entities

• Casella Waste Systems, Inc. (company) — Registrant
• 0000911177-24-000124 (filing_id) — Accession Number
• December 17, 2024 (date) — Filing Date

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 — previously announced offering of up to $45.0 million aggregate principal amount of the Finan

Filing Documents

• cwst-20241217.htm (8-K) — 42KB
• cwst-ex991121724.htm (EX-99.1) — 14KB
• 0000911177-24-000124.txt ( ) — 182KB
• cwst-20241217.xsd (EX-101.SCH) — 2KB
• cwst-20241217_lab.xml (EX-101.LAB) — 21KB
• cwst-20241217_pre.xml (EX-101.PRE) — 12KB
• cwst-20241217_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On December 17, 2024, Casella Waste Systems, Inc. (the "Company") priced the previously announced 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") to be issued under an indenture between the Authority and the bond trustee, dated as of December 1, 2024. Upon issuance, the Bonds will have a final maturity of December 1, 2047. During the initial fixed rate interest period through June 1, 2035, the interest rate on the Bonds will be 4.625% per annum, and the Bonds will be guaranteed under a guaranty (the "Guaranty") by substantially all of the Company's subsidiaries, as required by the terms of a Financing Agreement, dated as of December 1, 2024, between the Authority and the Company, pursuant to which the Authority will loan the proceeds of the Bonds to the Company. The issuance of the Bonds is expected to close on December 23, 2024. 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. A copy of the Company's press release announcing the pricing of the Bonds is attached to this Current Report on Form 8K as Exhibit 99.1 and is incorporated herein by reference. Neither this Current Report on Form 8-K nor the press release attached hereto as Exhibit 99.1 shall constitute an offer to sell or the solicitation of an offer to buy the Bond

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 December 17, 2024, relating to the pricing 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 Safe Harbor Statement 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 forw

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View this 8-K filing on SEC EDGAR