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New Issue-Casella Waste sells $180 mln in 5-yr notes

Wed Jul 1, 2009 12:27pm EDT

Stocks

    
  July 1 (Reuters) - Casella Waste Systems Inc (CWST.O) on
Wednesday sold $180 million of five-year senior secured notes
in the 144a private placement market, said IFR, a Thomson
Reuters service.
  The size of the deal was decreased from an originally
planned $205 million.
  Bank of America, JP Morgan and Calyon were the joint
bookrunning managers for the sale.
BORROWER: CASELLA WASTE SYSTEMS INC
AMT $180 MLN       COUPON 11.00 PCT    MATURITY 7/15/2014
TYPE SR SECD NTS   ISS PRICE 97.212    FIRST PAY 1/15/2010
MOODY'S B2         YIELD 11.75 PCT     SETTLEMENT 7/9/2009
S&P B-PLUS         SPREAD 919 BPS/     PAY FREQ SEMI-ANNUAL
FITCH N/A           MORE THAN TREAS    NON-CALLABLE 3 YEARS*
*MAKE-WHOLE CALL 50 BPS

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