- Casella Waste Systems ( NASDAQ: CWST ) has announced an amendment to its existing $650M credit facility that links borrowing costs to progress in achieving certain annual sustainability goals.
- The Co. also announced an amendment to its credit facility associated with the early adoption of Term SOFR as its reference rate, replacing LIBOR in advance of its anticipated cessation later this year.
- “The implementation of the Sustainability-Linked Credit Facility further strengthens the alignment of our business strategies with continued advances in sustainability.” said said John W. Casella, Chairman and CEO of Casella Waste Systems.
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Casella Waste introduces sustainability-linked credit facility