CASELLA WASTE SYSTEMS INC 8-K

What Happened

• Casella Waste Systems, Inc. announced on June 1, 2026 that it closed the remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds (Series 2014R-2). The Bonds were remarketed at an interest rate of 4.300% per annum for the interest period ending June 1, 2036. The Bonds have a final maturity date of December 1, 2044.
• Proceeds of the Bonds were loaned to Casella under a Loan Agreement dated December 1, 2014 to finance purchases of assets for use in the company’s New York operations and to pay issuance costs. The Bonds are guaranteed by all or substantially all of Casella’s subsidiaries under an amended guaranty reaffirmed on June 1, 2026.

Key Details

• Aggregate principal: $15.0 million (Series 2014R-2).
• Remarketed interest rate: 4.300% per year for the period through June 1, 2036; final maturity December 1, 2044.
• Original drawdown date: June 2, 2016; issued under Indenture dated December 1, 2014.
• Bonds are tax-exempt but could become taxable retroactively if Casella fails to meet certain covenants or if related representations are false; mandatory redemption at 100% of principal applies if declared taxable or if the Loan Agreement is invalid.

Why It Matters

• This action sets the company’s borrowing cost for these bonds at 4.30% through 2036, which affects future interest payments tied to this debt facility.
• The bonds are guaranteed by Casella’s subsidiaries, so those subsidiaries remain legally responsible for the Guaranteed Obligations until the bonds are fully paid or otherwise released.
• The tax-exempt status depends on compliance with covenants; loss of tax-exempt treatment could trigger an immediate mandatory redemption and change tax treatment of interest, which could have financial consequences for the company and holders of the bonds.

Filed as Item 8.01 (Other Events) on Form 8-K on June 1, 2026.