Casella Waste Systems, Inc., a regional solid waste, recycling and resource management services company, has priced the previously announced remarketing of $25 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014.

The bonds were originally issued on December 18, 2014, as draw-down bonds and have a final maturity date of December 1, 2044. Pursuant to the indenture under which the bonds were issued, the interest rate period under which the bonds were previously issued is expiring on December 1, 2019, and accordingly, the bonds will be remarketed on December 2, 2019, at the new interest rate of 2.875 percent per annum for the new interest rate period ending on December 2, 2029.

The bonds are guaranteed by all or substantially all of Casella’s subsidiaries, as required pursuant to the terms of the loan agreement pursuant to which the issuer loaned the proceeds of the bonds to Casella. The bonds are not a general obligation of the issuer and do not constitute an indebtedness of or a charge against the general credit of the issuer. The bonds are not a debt of the state of New York and are payable solely from amounts received from Casella under the terms of the indenture.

The bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended. The bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.