RUTLAND, Vt., May 27, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. ("Casella") (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced remarketing of $15.0 million aggregate principal amount of New York State Environmental Facilities Corporation (the "Issuer") Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2014R-2 (collectively, the "Bonds"). The Bonds were issued pursuant to an Indenture dated December 1, 2014 (the "Indenture") and drawn down on June 2, 2016. The Bonds have a final maturity date of December 1, 2044.

Pursuant to the Indenture, the interest rate period currently applicable to the Bonds expires on May 31, 2026, and accordingly, the Bonds are subject to mandatory tender on June 1, 2026. Casella expects that the Bonds will be remarketed on June 1, 2026 at a new interest rate of 4.300% per annum for a new interest rate period commencing on June 1, 2026 and ending on June 1, 2036. The remarketing is expected to become effective on June 1, 2026.

The Bonds are guaranteed pursuant to a Guaranty Agreement (the "Guaranty") by all or substantially all of Casella's subsidiaries (the "Guarantors"), as required pursuant to the terms of the loan agreement pursuant to which the Issuer loaned the proceeds of the Bonds to Casella. The Bonds are not a general obligation ...