New Issue-Casella Waste Systems sells $200 mln in notes

Wed Jan 26, 2011 5:38pm EST

  Jan 26 (Reuters) - Casella Waste Systems Inc (CWST.O) on
Wednesday sold $200 million of senior subordinated notes in the
144a private placement market, said IFR, a Thomson Reuters
service.
  Bank of America Merrill Lynch, JP Morgan and Credit
Agricole were the joint bookrunning managers for the sale.
BORROWER: CASELLA WASTE SYSTEMS INC
AMT $200 MLN      COUPON 7.75 PCT     MATURITY 2/15/2019 
TYPE SR NTS       ISS PRICE 100       FIRST PAY 8/15/2011
MOODY'S Caa1      YIELD 7.75 PCT      SETTLEMENT 2/7/2011
S&P B-MINUS       SPREAD 475 BPS      PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    NON-CALLABLE 4 YRS*
*MAKE-WHOLE CALL 50 BPS