2023-06-14 02:18:49 ET
- Regional solid waste, recycling and resource management services company, Casella Waste Systems ( NASDAQ: CWST ) prices an underwritten public offering of ~5.26M shares at a public offering price of $85.50 per share.
- Aggregate gross proceeds of ~$450M to Casella.
- Underwriters have an option for a period of 30 days to purchase up to an additional 789,473 shares.
- The offering is expected to close on or about June 16, 2023.
- Net proceeds will be used to finance a portion of its previously announced acquisitions of operations from GFL Environmental and the assets of Consolidated Waste Services and its affiliates, repay borrowings from its revolving credit facility and general corporate purposes.
- Stock price is down 1%
For further details see:
Casella Waste Systems prices $450M offering