Casella Waste Systems Inc. is making an offering of up to $5.5 million in solid waste disposal revenue bonds to help it pay debt.
The Rutland, Vt.-based Casella Waste said in a news release an offering of an additional $5.5 million might be offered in the future. The offering is regarding Business Finance Authority of the state of New Hampshire Solid Waste Disposal Revenue Bonds, Series 2013, due April 1, 2029.
Casella said the proceeds from the sale will be used to repay borrowings for assets purchased in New Hampshire since October 5, 2011.
Earlier this month Casella made an offering of up to $16 million of Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds, Series 2013. Similarly, Casella said it is using the proceeds from those sales to repay debt from assets purchased in Vermont since October 5, 2011.