Casella Waste Systems to repay $34.7 million of revolver debt with note sale proceeds

By Sara Rosenberg

New York, Jan. 22 - Casella Waste Systems Inc. said it plans to repay all outstanding borrowings under its revolving credit facility with proceeds from a $45 million add-on note offering to its 9.75% senior subordinate notes.

As of Jan. 16, the company had $34.7 million of revolver debt.

Remaining proceeds will be used for general corporate purposes, according to a company news release.

Casella is a Rutland, Vt., provider of collection, transfer, disposal and recycling services.

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