Casella Waste Systems, Inc., a regional solid waste, recycling and resource management services company, announced that it has entered into a $550 million credit facility with Bank of America, N.A., as administrative agent and swing line lender, Merrill Lynch, Pierce Fener & Smith Incorporated, Citizens Bank, N.A., JPMorgan Chase Bank N.A. and Comerica Bank as joint lead arrangers and joint bookrunners, and certain other agents and lenders. The credit facility provides for a term loan A facility in the amount of $350 million and a revolving credit facility in the principal amount of up to $200 million, with a $60 million sublimit for letters of credit.
The WilmerHale team advising Casella was led by Jamie Class and included Jeff Stein, Ellie Guadiana and Rebecca Chang.
Read Casella's press release for more information.