Casella Waste Redeems $72.7 Million in 11-Percent Notes

Allan Gerlat, News Editor

November 9, 2012

1 Min Read
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.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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