STOCK TITAN

[8-K] Casella Waste Systems Inc Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K

Casella Waste Systems, Inc. filed an Form 8-K reporting that planned remarketing or redemption of certain bonds may not be completed as expected. The company warns it cannot guarantee that the remarketing or redemption will occur, that bond proceeds will be available, or that proceeds will be applied as intended.

The filing identifies key risks that could prevent completion, including market conditions, the need to obtain all required consents, and satisfaction of other closing conditions. The company directs readers to its risk disclosures in filings for the fiscal year ended December 31, 2024 and states it undertakes no obligation to update forward-looking statements except as required by law.

Casella Waste Systems, Inc. ha presentato un Modulo 8-K riportando che la rivendita pianificata o il rimborso di alcuni bond potrebbe non essere completata come previsto. L'azienda avverte di non poter garantire che la rivendita o il rimborso avvenga, che i proventi obbligazionari siano disponibili, o che i proventi siano impiegati come previsto.

La dichiarazione identifica rischi chiave che potrebbero impedire il completamento, tra cui condizioni di mercato, la necessità di ottenere tutti i consensi richiesti e il soddisfacimento di altre condizioni di chiusura. L'azienda invita i lettori a consultare le proprie dichiarazioni di rischio nei documenti relativi all'anno fiscale chiuso al 31 dicembre 2024 e afferma di non avere alcun obbligo di aggiornare le dichiarazioni previsionali se non per quanto previsto dalla legge.

Casella Waste Systems, Inc. presentó un Formulario 8-K informando que la reventa planificada o el canje de ciertos bonos podría no completarse como se esperaba. La empresa advierte que no puede garantizar que la reventa o el canje ocurra, que los ingresos de bonos estén disponibles, o que los ingresos se apliquen como se pretende.

La presentación identifica riesgos clave que podrían impedir el cierre, incluyendo condiciones de mercado, la necesidad de obtener todos los consentimientos requeridos y la satisfacción de otras condiciones de cierre. La empresa dirige a los lectores a sus divulgaciones de riesgos en los documentos del año fiscal finalizado al 31 de diciembre de 2024 y afirma que no asume la obligación de actualizar las declaraciones prospectivas excepto cuando lo exija la ley.

Casella Waste Systems, Inc.은(는) 특정 채권의 재매입 또는 상환이 예정대로 완료되지 않을 수 있음을 보고하는 8-K 양식을 제출했습니다. 회사는 재매입 또는 상환이 이루어지지 않을 것이라는 보장할 수 없다고 경고하며, 채권 수익이 사용 가능하거나 수익이 의도대로 적용될 것이라는 보장을 하지 않습니다.

제출서는 완료를 방해할 수 있는 주요 위험으로 시장 상황, 필요한 모든 동의를 얻어야 함, 그리고 기타 종결 조건의 충족을 포함한다고 식별합니다. 회사는 독자들에게 회계연도 말인 2024년 12월 31일에 마감된 위험 공시를 참조하고, 법이 요구하는 경우를 제외하고는 전망 진술을 업데이트할 의무가 없다고 밝힙니다.

Casella Waste Systems, Inc. a déposé un Formulaire 8-K indiquant que le remarketing ou le rachat prévu de certaines obligations pourrait ne pas être réalisé comme prévu. L'entreprise avertit qu'elle ne peut pas garantir que le remarketing ou le rachat aura lieu, que les produits des obligations seront disponibles ou que ces produits seront utilisés comme prévu.

Le dossier identifie les principaux risques qui pourraient empêcher l'achèvement, notamment les conditions du marché, la nécessité d'obtenir tous les consentements requis et la satisfaction des autres conditions de clôture. L'entreprise invite les lecteurs à consulter les divulgations relatives aux risques dans les documents pour l'exercice clos le 31 décembre 2024 et déclare n'avoir aucune obligation de mettre à jour les déclarations prospectives sauf si la loi l'exige.

Casella Waste Systems, Inc. hat ein Form 8-K eingereicht und mitgeteilt, dass die geplante Wiedervermarktkung oder Rückzahlung bestimmter Anleihen möglicherweise nicht wie erwartet abgeschlossen wird. Das Unternehmen warnt, dass es nicht garantieren kann, dass die Wiedervermarktkung oder Rückzahlung erfolgen wird, dass die Anleiheerlöse verfügbar sind oder dass die Erlöse wie vorgesehen verwendet werden.

Die Einreichung identifiziert wesentliche Risiken, die den Abschluss verhindern könnten, einschließlich Marktbedingungen, der Notwendigkeit, alle erforderlichen Zustimmungen zu erhalten, und der Erfüllung anderer Abschlussbedingungen. Das Unternehmen verweist die Leser auf seine Risikoveröffentlichungen in den Unterlagen zum Geschäftsjahr mit dem Stichtag 31. Dezember 2024 und erklärt, dass es keine Verpflichtung hat, Prospektaussagen zu aktualisieren, außer wie gesetzlich vorgeschrieben.

Casella Waste Systems, Inc. أدرجت في نموذج 8-K أنها قد لا تكتمل إعادة التسويق المخطط لها أو سداد بعض السندات كما هو متوقع. تحذر الشركة من أنها لا يمكنها ضمان أن يتم إعادة التسويق أو السداد، أو أن العوائد من السندات ستكون متاحة، أو أن تتم توظيف العوائد كما هو مقصود.

تحدد الوثيقة مخاطر رئيسية قد تمنع الإتمام، بما في ذلك ظروف السوق، والحاجة إلى الحصول على جميع الموافقات اللازمة، وتحقيق بقية شروط الإغلاق. توجه الشركة القراء إلى إفصاءات المخاطر في الملفات للسنة المالية المنتهية في 31 ديسمبر 2024 وتقر بأنها لا تلتزم بتحديث التصريحات المستقبلية إلا كما يقتضيه القانون.

Casella Waste Systems, Inc. 提交了一个 8-K 表格,报告称对某些债券的再市场交易或赎回的计划可能不会按预期完成。公司警告说它 不能保证 再市场交易或赎回会发生、债券收益可用,或收益将按计划使用。

该文件确定可能阻碍完成的关键风险,包括 市场条件、需要获得所有必需的 同意、以及满足其他交割条件。公司指示读者查阅其在截至 2024年12月31日 的财政年度 filings 中的风险披露,并声明除法律要求外,无义务更新前瞻性陈述。

Positive
  • None.
Negative
  • Remarketing or redemption of bonds may not be completed as anticipated
  • Bond proceeds may not be available or applied as expected
  • Outcome depends on market conditions, required consents, and closing conditions

Insights

TL;DR: The 8-K flags uncertainty around a bond remarketing/redemption and possible nonreceipt or misapplication of proceeds.

The filing explicitly states the company may not complete the remarketing or redemption of the bonds and may not receive or apply proceeds as anticipated. That creates a near-term financing risk tied to market conditions and closing covenants.

This matters because failure to remarket or redeem could affect liquidity planning and capital structure actions disclosed by management; the 8-K does not state alternative funding sources or contingency plans.

TL;DR: The company provides standard forward-looking disclaimers and points investors to prior risk-factor disclosures.

The disclosure reiterates typical legal cautions: forward-looking language, reliance on consents and closing conditions, and referral to Item 1A risk factors in filings for the fiscal year ended December 31, 2024. It also states the company will not update forward-looking statements except as required by law.

For investors, the filing is procedural but material because it signals that a disclosed financing event is conditional; no final outcome is reported in this 8-K.

Casella Waste Systems, Inc. ha presentato un Modulo 8-K riportando che la rivendita pianificata o il rimborso di alcuni bond potrebbe non essere completata come previsto. L'azienda avverte di non poter garantire che la rivendita o il rimborso avvenga, che i proventi obbligazionari siano disponibili, o che i proventi siano impiegati come previsto.

La dichiarazione identifica rischi chiave che potrebbero impedire il completamento, tra cui condizioni di mercato, la necessità di ottenere tutti i consensi richiesti e il soddisfacimento di altre condizioni di chiusura. L'azienda invita i lettori a consultare le proprie dichiarazioni di rischio nei documenti relativi all'anno fiscale chiuso al 31 dicembre 2024 e afferma di non avere alcun obbligo di aggiornare le dichiarazioni previsionali se non per quanto previsto dalla legge.

Casella Waste Systems, Inc. presentó un Formulario 8-K informando que la reventa planificada o el canje de ciertos bonos podría no completarse como se esperaba. La empresa advierte que no puede garantizar que la reventa o el canje ocurra, que los ingresos de bonos estén disponibles, o que los ingresos se apliquen como se pretende.

La presentación identifica riesgos clave que podrían impedir el cierre, incluyendo condiciones de mercado, la necesidad de obtener todos los consentimientos requeridos y la satisfacción de otras condiciones de cierre. La empresa dirige a los lectores a sus divulgaciones de riesgos en los documentos del año fiscal finalizado al 31 de diciembre de 2024 y afirma que no asume la obligación de actualizar las declaraciones prospectivas excepto cuando lo exija la ley.

Casella Waste Systems, Inc.은(는) 특정 채권의 재매입 또는 상환이 예정대로 완료되지 않을 수 있음을 보고하는 8-K 양식을 제출했습니다. 회사는 재매입 또는 상환이 이루어지지 않을 것이라는 보장할 수 없다고 경고하며, 채권 수익이 사용 가능하거나 수익이 의도대로 적용될 것이라는 보장을 하지 않습니다.

제출서는 완료를 방해할 수 있는 주요 위험으로 시장 상황, 필요한 모든 동의를 얻어야 함, 그리고 기타 종결 조건의 충족을 포함한다고 식별합니다. 회사는 독자들에게 회계연도 말인 2024년 12월 31일에 마감된 위험 공시를 참조하고, 법이 요구하는 경우를 제외하고는 전망 진술을 업데이트할 의무가 없다고 밝힙니다.

Casella Waste Systems, Inc. a déposé un Formulaire 8-K indiquant que le remarketing ou le rachat prévu de certaines obligations pourrait ne pas être réalisé comme prévu. L'entreprise avertit qu'elle ne peut pas garantir que le remarketing ou le rachat aura lieu, que les produits des obligations seront disponibles ou que ces produits seront utilisés comme prévu.

Le dossier identifie les principaux risques qui pourraient empêcher l'achèvement, notamment les conditions du marché, la nécessité d'obtenir tous les consentements requis et la satisfaction des autres conditions de clôture. L'entreprise invite les lecteurs à consulter les divulgations relatives aux risques dans les documents pour l'exercice clos le 31 décembre 2024 et déclare n'avoir aucune obligation de mettre à jour les déclarations prospectives sauf si la loi l'exige.

Casella Waste Systems, Inc. hat ein Form 8-K eingereicht und mitgeteilt, dass die geplante Wiedervermarktkung oder Rückzahlung bestimmter Anleihen möglicherweise nicht wie erwartet abgeschlossen wird. Das Unternehmen warnt, dass es nicht garantieren kann, dass die Wiedervermarktkung oder Rückzahlung erfolgen wird, dass die Anleiheerlöse verfügbar sind oder dass die Erlöse wie vorgesehen verwendet werden.

Die Einreichung identifiziert wesentliche Risiken, die den Abschluss verhindern könnten, einschließlich Marktbedingungen, der Notwendigkeit, alle erforderlichen Zustimmungen zu erhalten, und der Erfüllung anderer Abschlussbedingungen. Das Unternehmen verweist die Leser auf seine Risikoveröffentlichungen in den Unterlagen zum Geschäftsjahr mit dem Stichtag 31. Dezember 2024 und erklärt, dass es keine Verpflichtung hat, Prospektaussagen zu aktualisieren, außer wie gesetzlich vorgeschrieben.

0000911177false00009111772025-08-182025-08-18

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): August 18, 2025
__________________________________________
Casella Waste Systems, Inc.
(Exact Name of Registrant as Specified in Charter)
__________________________________________
Delaware 000-23211 03-0338873
(State or Other Jurisdiction
of Incorporation)
 (Commission
File Number)
 (IRS Employer
Identification No.)
25 Greens Hill Lane,
Rutland,Vermont05701
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (802775-0325
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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)
Name of each exchange
on which registered
Class A common stock, $0.01 par value per shareCWSTThe Nasdaq Stock Market LLC
(Nasdaq Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Item 8.01 Other Events.
On August 18, 2025, Casella Waste Systems, Inc. (the “Company”) announced that it has commenced the remarketing of $37.5 million aggregate principal amount of New York State Environmental Facilities Corporation (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-1 issued on September 1, 2020 in the stated principal amount of $40.0 million (collectively, the “Bonds”). It is expected that $2.5 million of the aggregate principal amount of Bonds will be redeemed by the Company on September 2, 2025, and the remaining $37.5 million of the aggregate principal amount of Bonds (the “Remarketed Bonds”) will be remarketed on such date.
The Bonds have a final maturity of September 1, 2050. Pursuant to the indenture under which the Bonds were offered (the “Indenture”), the interest rate period under which the Bonds were previously issued is expiring on September 1, 2025, and accordingly, the Company expects that the Bonds will be subject to mandatory tender and will be remarketed on September 2, 2025 at a new interest rate for a new interest rate period commencing on September 2, 2025. The Bonds have been guaranteed by all or substantially all of the Company’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 the Company. The Bonds are not a general obligation of the Issuer and do not constitute an indebtedness of or a charge against the general credit of the Issuer. The Bonds are not a debt of the State of New York and are payable solely from amounts received from the Company under the terms of the Indenture. The remarketing and redemption is expected to become effective on September 2, 2025.
As of June 30, 2025, the Company and the Guarantors had approximately $1,157.5 million of aggregate outstanding indebtedness under the following debt arrangements: (a) $800.0 million of term loans under the Company’s senior secured credit facility, (b) $277.0 million aggregate principal amount of tax-exempt bonds (including the Bonds to be remarketed or redeemed on September 2, 2025), (c) no amounts outstanding under the Company’s revolving credit facility; and (d) $80.5 million of additional indebtedness outstanding, including finance leases and seller financing notes. The Company also had interest rate derivative agreements in the notional amount of $515.0 million with expiration dates ranging from February 2026 to June 2028. As of June 30, 2025, the Company had approximately $673.7 million of unused commitments under the revolving credit facility, available to be borrowed by the Company subject to customary borrowing conditions, $26.3 million in outstanding letters of credit issued under the revolving credit facility, and $217.8 million in cash and cash equivalents, and restricted cash.
The Remarketed Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The interest rate period, interest rate and timing of the remarketing of the Remarketed Bonds will depend upon market conditions and other factors, and there can be no assurance that the remarketing or redemption will be completed.
The Remarketed Bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.
A copy of the Company’s press release announcing the remarketing of the Remarketed Bonds and the issuance of a notice of a mandatory tender of the Bonds, is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. Neither this Current Report on Form 8-K, nor the press release attached hereto as Exhibit 99.1 hereto shall constitute an offer to sell or the solicitation of an offer to buy the Remarketed Bonds, nor shall there be any sale of the Remarketed Bonds 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.
Item 9.01     Financial Statements and Exhibits.
(d) Exhibits.    
2


EXHIBIT INDEX
Exhibit No.Exhibit Description
99.1
Press Release of Casella Waste Systems, Inc. dated August 18, 2025, relating to the remarketing of the Bonds.
101.SCHInline XBRL Taxonomy Extension Schema Document.**
101.LABInline XBRL Taxonomy Label Linkbase Document.**
101.PREInline XBRL Taxonomy Presentation Linkbase Document.**
104Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101).
**Submitted Electronically Herewith.

Forward-Looking Statements
Certain matters discussed in this Current Report on Form 8-K, including, among others, the statements regarding the remarketing of the Remarketed Bonds, 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 “believe,” “expect,” “anticipate,” “plan,” “may,” “will,” “would,” “intend,” “estimate,” “guidance” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which the Company operates and management’s beliefs and assumptions. The Company cannot guarantee that the remarketing or redemption of the Bonds will be completed, that the Bond proceeds will be available or applied as expected, or that it will achieve the plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in the Company’s forward-looking statements. Such risks and uncertainties include or relate to, among other things: market conditions and the Company’s ability to consummate the remarketing of the Remarketed Bonds, the receipt of all necessary consents and the satisfaction of all other closing conditions with respect to the remarketing of the Remarketed Bonds, as well as additional risks and uncertainties detailed in Item 1A, “Risk Factors” in the Company’s Form 10-K for the fiscal year ended December 31, 2024 and in other filings that the Company periodically makes with the Securities and Exchange Commission. There can be no assurance that the Company will be able to complete the remarketing or redemption of the Bonds on the anticipated terms, or at all. The Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

3


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.
 
 CASELLA WASTE SYSTEMS, INC.
Date: August 18, 2025 By: /s/ Bradford J. Helgeson
  Bradford J. Helgeson
  Executive Vice President and Chief Financial Officer

4

FAQ

What did Casella Waste Systems (CWST) disclose in the August 18, 2025 8-K?

The company disclosed that the planned remarketing or redemption of certain bonds may not be completed, that bond proceeds may not be available or applied as expected, and identified related risks.

Does the 8-K state the bond remarketing was completed?

No. The filing explicitly says the company cannot guarantee completion of the remarketing or redemption.

What risks does Casella cite that could prevent the bond transaction?

The filing cites market conditions, the need to obtain all necessary consents, and satisfaction of other closing conditions as risks.

Where can I find more detailed risk disclosures referenced in the 8-K?

The company refers investors to its risk factors in filings for the fiscal year ended December 31, 2024 and other periodic SEC filings.

Will Casella update its forward-looking statements if circumstances change?

The company states it undertakes no obligation to publicly update forward-looking statements except as required by law.
Casella Waste

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