January 26, 2011 / 10:40 PM / 7 years ago

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

  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                                    

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