Brief: Casella Waste Systems To Acquire Select Solid Waste Operations From GFL Environmental

Casella Waste Systems

24/04/2023 12:50

April 24 (Reuters) - Casella Waste Systems Inc  CWST.O :
    * CASELLA WASTE SYSTEMS, INC. TO ACQUIRE SELECT SOLID WASTE
OPERATIONS FROM GFL ENVIRONMENTAL INC. THAT WILL EXPAND
FOOTPRINT INTO ADJACENT MARKETS AND PROVIDE A PLATFORM FOR
FUTURE GROWTH
    * CASELLA WASTE SYSTEMS INC - PROPOSED DEAL FOR PURCHASE
PRICE OF
$525 MILLION
    * CASELLA WASTE SYSTEMS INC - ACQUISITION IS NOT SUBJECT TO
ANY
FINANCING CONDITIONS
    * CASELLA WASTE SYSTEMS - GOT BRIDGE FINANCING COMMITMENT
FROM
BANK OF AMERICA, BOFA SECURITIES, JPMORGAN CHASE BANK, COMERICA
BANK, CITIZENS BANK
    * CASELLA WASTE SYSTEMS INC -  EXPECTS TO FUND PURCHASE
PRICE
THROUGH CASH ON HAND, REVOLVING CREDIT FACILITY BORROWINGS
    * CASELLA WASTE SYSTEMS INC -  EXPECTS TO FUND PURCHASE
PRICE
THROUGH PLANNED NEW TERM LOAN A UNDER ITS EXISTING SENIOR
SECURED CREDIT FACILITY

Source text for Eikon:  ID:nGNX9jgwq6 
Further company coverage:  CWST.O 

 ((Reuters.Briefs@thomsonreuters.com;))