CWST CASELLA WASTE SYSTEMS INC
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Executive Summary
Casella Waste Systems announced the pricing of a remarketing of $15.0 million of its Series 2014R-2 Solid Waste Disposal Revenue Bonds, with a new interest rate of 4.300% per annum for a 10-year period starting June 1, 2026. This is a routine refinancing event that extends the fixed-rate term on existing debt at a known cost, with no new capital raised or change in overall debt principal.
Actionable Insight
This is a routine debt-refinancing event with no material impact on equity or operations. The 4.300% fixed rate for 10 years on $15M is immaterial relative to Casella's $5.5B market cap. No trading action warranted; monitor upcoming quarterly results for any operational updates.
Key Facts
- Remarketing of $15.0 million aggregate principal amount of New York State EFC Solid Waste Disposal Revenue Bonds Series 2014R-2
- Bonds have final maturity of December 1, 2044
- New interest rate of 4.300% per annum for a period from June 1, 2026 to June 1, 2036
- Mandatory tender on June 1, 2026; remarketing expected to become effective on that date
- Bonds are guaranteed by substantially all of Casella's subsidiaries
- Offering limited to qualified institutional buyers under Rule 144A; not registered under Securities Act
Financial Impact
No new capital raised; $15.0M principal unchanged. New interest rate is 4.300% per annum, replacing the previous floating/adjustable rate that expired on May 31, 2026.
Risk Factors
- If the remarketing fails to close by June 1, 2026, the bonds could revert to a default interest rate or accelerate — but this is a low-probability event
- Forward-looking statements note that there is no assurance the remarketing will be completed on anticipated terms or at all
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000911177-26-000028 |
| Document: cwst-ex991052726.htm | 0000911177-26-000028 |
| Document: 0000911177-26-000028-index-headers.html | 0000911177-26-000028 |
| Document: 0000911177-26-000028-index.html | 0000911177-26-000028 |
| Document: 0000911177-26-000028.txt | 0000911177-26-000028 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
19d ago
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8-K
| $83.00 $87.81 | ▲ +5.80% | ▲ +8.76% | $86.10 (+3.73%) |
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May 27, 2026
24d ago
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8-K
| $86.24 $83.00 | ▼ −3.76% | ▼ −4.96% | $86.10 (−0.16%) |
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May 11, 2026
5w ago
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8-K
| $84.88 $88.10 | ▲ +3.79% | ▲ +3.72% | $86.10 (+1.44%) |
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Apr 22, 2026
8w ago
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8-K
| $83.87 $78.11 | ▼ −6.87% | ▼ −8.35% | $86.10 (+2.66%) |
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Apr 17, 2026
9w ago
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DEFA14A
| $79.54 $76.75 | ▼ −3.51% | ▼ −4.42% | $86.10 (+8.25%) |
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Apr 7, 2026
10w ago
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Press Release
| $86.71 $81.54 | ▼ −5.96% | ▼ −9.48% | $86.10 (−0.70%) |
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Apr 1, 2026
11w ago
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Press Release
| $87.18 $86.98 | ▼ −0.23% | ▼ −3.85% | $86.10 (−1.24%) |
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Mar 16, 2026
13w ago
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Insider Cluster
| $88.46 $78.01 | ▼ −11.81% | ▼ −9.77% | $86.10 (−2.67%) |
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Mar 16, 2026
13w ago
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Insider Cluster
| $88.46 $78.01 | ▼ −11.81% | ▼ −9.77% | $86.10 (−2.67%) |
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Mar 16, 2026
13w ago
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Insider Cluster
| $88.46 $78.01 | ▼ −11.81% | ▼ −9.77% | $86.10 (−2.67%) |
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