Welcome to our dedicated page for Covanta Holding news (Ticker: CVA), a resource for investors and traders seeking the latest updates and insights on Covanta Holding stock.
Covanta Holding Corporation (CVA) delivers innovative waste-to-energy solutions while advancing sustainable material management. This news hub provides investors and stakeholders with official updates on operational developments, environmental initiatives, and strategic partnerships.
Access timely press releases covering quarterly financial results, facility expansions, and recycling innovations. Stay informed about CVA's progress in converting municipal waste into renewable energy and recovering valuable industrial materials through advanced processing technologies.
Our curated news collection features verified updates on regulatory compliance, community partnerships, and sustainability achievements. Monitor developments in waste conversion efficiency and material recovery rates that demonstrate Covanta's environmental stewardship.
Bookmark this page for direct access to CVA's latest earnings announcements, leadership updates, and technology deployments. Return regularly to track how Covanta continues to transform waste management challenges into sustainable energy solutions.
Covanta Holding Corporation (NYSE:CVA) announced the closing of its $400 million offering of 5.000% senior notes due 2030. The funds will be used to redeem existing 5.875% senior notes due 2024 and cover related expenses. Between the offering and redemption date, Covanta plans to utilize proceeds for debt repayment and invest in short-term securities. The offering was managed by J.P. Morgan, BofA Securities, and others. Covanta operates Waste-to-Energy facilities that convert waste into electricity and provides industrial material management services.
Covanta Holding Corporation (NYSE: CVA) announced a loan agreement with the National Finance Authority, issuing $129.4 million in tax-exempt bonds to refinance older debt. The new bonds, with a weighted average coupon of 3.71%, lower interest costs by 145 basis points and are unsecured. The refinancing is expected to save over $5 million in annual cash interest. The bond details include Series 2020A and 2020B, with maturity dates in 2043 and 2045.
Covanta Holding Corporation (NYSE:CVA) has priced its public offering of $400 million in senior notes due 2030, with a 5.000% coupon, set to close on August 25, 2020. The funds will be used to redeem existing 5.875% Senior Notes due 2024 on September 10, 2020, and for transaction-related expenses. The offering follows an effective shelf registration with the SEC. J.P. Morgan and others are acting as joint bookrunning managers. Covanta is a leader in sustainable waste-to-energy solutions, processing 21 million tons of waste annually.
Covanta Holding Corporation announced a $400 million public offering of senior unsecured notes to refinance existing debt and cover transaction costs. The proceeds will be used to redeem all of its 5.875% Senior Notes due 2024 on September 10, 2020. The company also plans to use part of the funds to reduce borrowings under its revolving credit facility and invest in short-term securities.
Covanta Holding Corporation (NYSE: CVA) will participate in several virtual investor conferences in August and September 2020. Notable events include:
- Stifel 2020 Investor Summit on August 10 at 1:50 PM, featuring CEO Stephen Jones and CFO Bradford Helgeson.
- Raymond James Diversified Industrials Conference on August 25 at 4:40 PM, with CEO Stephen Jones and EVP Derek Veenhof.
- Barclays CEO Energy-Power Conference on September 8 at 4:25 PM, also featuring CEO Stephen Jones.
A live webcast of the presentations will be accessible on Covanta's Investor Relations website.
Covanta Holding Corporation (NYSE: CVA) reported its Q2 2020 financial results, showing a revenue decrease to $454 million from $467 million in Q2 2019. However, the company posted a net loss of $13 million, an improvement from a $21 million loss last year. Key metrics include Adjusted EBITDA of $96 million and free cash flow of $62 million. Covanta noted recovery in waste markets post-COVID-19 lockdowns, indicating resilience amid ongoing challenges. The company has adopted measures to protect employees and maintain operations.
Covanta Holding Corporation (NYSE:CVA) will host a conference call on July 31, 2020 at 8:30 AM (Eastern) to discuss its second quarter results. The press release detailing these results will be published after the market closes on July 30, 2020. Investors can join the call by dialing 1-888-317-6003 (US) or 1-412-317-6061 (international) with passcode 0066556. An archived webcast will be available shortly after the call on Covanta's Investor Relations website.
