October 7, 2016 / 5:06 PM / in a year

BRIEF-Casella Waste Systems announces pricing for new credit facility

Oct 7 (Reuters) - Casella Waste Systems Inc:

* Casella Waste Systems Inc announces pricing for new credit facility

* Revolving line of credit facility in amount of $160 million

* Intends to use proceeds of credit facility also for repayment of company’s existing senior secured asset-based revolving credit

* Investors have provided commitments to fund a new term loan b facility in amount of $350 million at 99.50% of principal amount

* Total annual interest savings is expected to be approximately $11 million

* Intends to use proceeds of credit facility for redemption of all of 7.75% senior subordinated notes due 2019 among others Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below