UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2011
Casella Waste Systems, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware |
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000-23211 |
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03-0338873 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
25 Greens Hill Lane |
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05701 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (802) 775-0325
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On January 27, 2011, Casella Waste Systems, Inc. announced the pricing of its previously announced private offering of $200 million aggregate principal amount of 7.75% senior subordinated notes due 2019 (the Notes).
The Notes will pay interest on a semi-annual basis. The offering of the Notes is expected to close on February 7, 2011.
The Notes are being sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons outside the United States under Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.
A copy of the press release announcing the pricing of the Notes is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release of Casella Waste Systems, Inc. dated January 27, 2011.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CASELLA WASTE SYSTEMS, INC. | ||
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Date: January 27, 2011 |
By: |
/s/ Edwin D. Johnson | |
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Name: |
Edwin D. Johnson |
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Title: |
Senior Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. |
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Description |
99.1 |
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Press release of Casella Waste Systems, Inc. dated January 27, 2011. |
Exhibit 99.1
CASELLA WASTE SYSTEMS, INC. ANNOUNCES PRICING OF NOTES OFFERING
RUTLAND, VERMONT (January 27, 2011) Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today that it has priced the previously announced offering of $200 million aggregate principal amount of 7.75% senior subordinated notes due 2019 (the Notes). The issuance of the Notes is anticipated to close on February 7, 2011. The Notes will pay interest on a semi-annual basis.
Casella intends to use the net proceeds from the offering, together with other available funds, to refinance its 9.75% senior subordinated notes due 2013, of which $195,000,000 aggregate principal amount is outstanding, and to pay related transaction costs.
The Notes are being sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and to non-U.S. persons outside the United States under Regulation S under the Securities Act.
The Notes have not been registered under the Securities Act, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
About Casella Waste Systems, Inc.
Casella Waste Systems is an integrated solid waste and resource management company headquartered in Rutland, Vermont. For further information, investors should contact Ned Coletta, director of investor relations at (802) 772-2239, or Ed Johnson, chief financial officer at (802) 772-2241.
Safe Harbor Statement
Some of the statements in this press release are forward-looking statements intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as Casella anticipates, plans, will, intends, estimates and other similar expressions. Among the forward looking statements in this press release are statements regarding the closing of the offering of the Notes and the intended use of the proceeds from the Note offering. All of these forward-looking statements are based on current expectations and estimates and managements beliefs and assumptions. Casella cannot guarantee that it will complete the offering on the terms disclosed in the forward-looking s tatements or at all. Such forward-looking statements involve a number of risks and uncertainties, including, among other things, market conditions and Casellas ability to consummate the issuance of the Notes. Casella does not necessarily intend to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required.