Casella Waste Systems Commences Proposed Public Offering Of $400M Of Its Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Casella Waste Systems is launching a public offering of $400M in Class A common stock to fund acquisitions and repay debt.
September 17, 2024 | 8:03 pm
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Casella Waste Systems is conducting a $400M public offering of its Class A common stock. The proceeds will be used for acquisitions, debt repayment, and general corporate purposes.
The public offering could lead to stock dilution, potentially impacting the stock price negatively in the short term. However, the use of proceeds for acquisitions and debt repayment could be beneficial in the long term.
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