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Casella Waste Launches Remarketing of Tax-Exempt Revenue Bonds

Story Highlights
  • Casella has begun remarketing $15 million in long-dated tax-exempt solid waste revenue bonds, expecting a mandatory tender and new interest rate period to start June 1, 2026.
  • With $1.165 billion in debt and recent acquisitions funded by cash and revolver borrowings, Casella is leveraging capital markets and credit facilities to support expansion amid market-dependent bond remarketing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Casella Waste Launches Remarketing of Tax-Exempt Revenue Bonds

Meet Samuel – Your Personal Investing Prophet

Casella Waste ( (CWST) ) has issued an update.

On May 11, 2026, Casella Waste Systems announced it had begun remarketing $15 million of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds, originally issued under a 2014 indenture and drawn in 2016, with final maturity in 2044. The current interest rate period expires May 31, 2026, and the bonds are expected to be mandatorily tendered and remarketed on June 1, 2026 at a new rate, backed by guarantees from substantially all subsidiaries and payable solely from Casella and its guarantors rather than the issuer or the State of New York.

As of March 31, 2026, Casella and its guarantors carried about $1.165 billion in total debt, including $800 million of term loans and $273.5 million in tax‑exempt bonds, alongside sizeable unused revolving credit commitments and $126.9 million in cash and equivalents. In April 2026, the company completed three acquisitions funded with cash and revolver borrowings, and the bond remarketing, offered only to qualified institutional buyers under Rule 144A, underscores its ongoing use of capital markets and bank facilities to support expansion while leaving execution subject to market conditions.

The most recent analyst rating on (CWST) stock is a Buy with a $115.00 price target. To see the full list of analyst forecasts on Casella Waste stock, see the CWST Stock Forecast page.

Spark’s Take on CWST Stock

According to Spark, TipRanks’ AI Analyst, CWST is a Neutral.

CWST’s score is driven most by solid cash-flow performance and a constructive earnings update (raised 2026 guidance and margin/cost initiatives). These positives are tempered by materially weakened reported profitability/returns and an unfavorable valuation read from a negative P/E, while technical indicators remain mixed with negative momentum versus longer-term averages.

To see Spark’s full report on CWST stock, click here.

More about Casella Waste

Casella Waste Systems, Inc. is a regional solid waste, recycling and resource management services company headquartered in Rutland, Vermont and listed on Nasdaq under the ticker CWST. The company finances its operations through a mix of term loans, tax-exempt bonds and other indebtedness, and maintains access to a sizable revolving credit facility and cash reserves to support acquisitions and growth.

Average Trading Volume: 912,500

Technical Sentiment Signal: Sell

Current Market Cap: $5.43B

See more insights into CWST stock on TipRanks’ Stock Analysis page.

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