Casella Waste Redeems $72.7 Million in 11-Percent Notes

Casella Waste Redeems $72.7 Million in 11-Percent Notes

Casella Waste Systems Inc. said it has redeemed $72.7 million of its outstanding 11-percent notes at the closing of the offer.

Rutland, Vt.-based Casella said in a news release the company redeemed the outstanding 11-percent senior second lien notes due in 2014 at a price of $1,055 per $1,000 in principal amount.

In October Casella received $42.4 million from a sale of 11.5 million shares of common stock.

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