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Casella Waste Systems buys back $5 million of 7¾% notes due 2019
By Marisa Wong
Morgantown, W.Va., Nov. 3 – Casella Waste Systems, Inc. said it repurchased $5 million of its 7¾% senior subordinated notes due 2019 in the third quarter.
The retirement of those notes resulted in a $200,000 loss on debt extinguishment for the three months ended Sept. 30, according to a press release.
During the same period in 2015, the company recorded a $300,000 loss on debt extinguishment related to the repurchase of $9.7 million of the 7¾% notes.
Casella is a Rutland, Vt.-based solid waste, recycling and resource management services company.
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