Casella Waste Systems, Inc. Announces Plans for Potential Debt Refinancing
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Moody's Upgrades Casella Waste Systems (CWST) to 'B2'; Outlook is Stable
September 26, 2016 3:47 PM EDTMoody's Investor Services (Moody's) upgraded Casella Waste Systems, Inc.'s (Nasdaq: CWST) Corporate Family Rating (CFR) to B2 from B3 and the Probability of Default Rating to B2-PD from B3-PD. At the same time, Moody's affirmed Casella's Speculative Grade Liquidity Rating at SGL-3. The rating outlook is stable.
Concurrent with these rating actions, Moody's assigned B1 ratings to Casella's proposed $150 million revolving credit facility and $350 million term loan B, the proceeds of which will be used to pay off the company's existing asset-backed lending (ABL) facility (unrated) and senior... More
