NEW YORK, October 28, 2020 Proskauer, a leading international law firm, today announced that it acted for the underwriters, led by Raymond James and BofA Securities as joint book-running managers, in connection with a public offering for Casella Waste Systems, Inc. (NASDAQ:CWST). The offering, which closed on October 23, 2020, resulted in aggregate gross proceeds of $151.3 million to Casella, before deducting underwriting discounts and offering expenses.
Casella intends to use the net proceeds from the offering for general corporate purposes, including potential acquisitions or development of new operations or assets with the goal of complementing or expanding its business, working capital and capital expenditures.
The Proskauer capital markets team on the transaction included Daniel Forman, Tyler Stahl and Ian Jong, with support from Aliza Cinamon on environmental matters.
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