Goulston & Storrs Congratulates Bank of America on $307.5 Million Refinancing for Casella Waste Systems, Inc.
August 2009People: Pamela M. MacKenziePDF
|August 2009 --- Goulston & Storrs congratulates its client Bank of America on completing the refinancing of a senior secured first lien credit facility, consisting of a $177.5 million revolving credit facility and a $130 million term loan for Casella Waste Systems, Inc. Goulston & Storrs acted as counsel to Bank of America as the Administrative Agent and Arranger of the new facilities. In connection with the refinancing, Casella Waste Systems simultaneously completed a public offering of $180 million in 11% senior secured second lien notes and G&S negotiated the intercreditor arrangements between the first lien and second lien creditors. Lead attorney Pam MacKenzie states: “accomplishing this kind of complex transaction, involving more than 75 borrowers and a large syndicate of lenders, in difficult economic times certainly speaks to the credibility, creativity and dedication of both Bank of America and Casella Waste Systems.”|