Casella Waste Systems (CWST) Shares Down 5%, Prices Public Offering of 4.5M Class A Shares
Casella Waste Systems (CWST) Shares Down 5%, Prices Public Offering of 4.5M Class A Shares
The offering is expected to close on or around September 19, subject to the fulfillment of customary closing conditions. Casella plans to use the net proceeds from this offering to fund its previously announced acquisitions of Royal Carting and Welsh Sanitation. $Casella Waste Systems (CWST.US)$ shares were trading lower by 5.52% to $100.84 during Wednesday's session after the company announced a $450 million public offering of 4.5 million shares at $100 per share.
$Casella Waste Systems (CWST.US)$ 在週三的交易中，股價下跌了5.52％至100.84美元，此前該公司宣佈以每股100美元的價格，發行450萬股股票，籌集4.5億美元的公開發行。
This offering will generate gross proceeds of approximately $450 million before accounting for underwriting discounts and offering-related expenses.
此次發行在扣除承銷折扣和與發行相關的費用之前，將爲公司帶來大約4.5億美元的總收入。
Additionally, Casella has granted the underwriters a 30-day option to purchase up to an additional 675,000 shares at the same price, minus the underwriting discounts. All the shares involved in the offering are being sold by Casella itself.
此外，Casella還向承銷商授予了購買多達67.5萬股股票的30天期權，價格與折扣後的價格相同。所有參與發行的股票均由Casella自己出售。
The offering is expected to close on or around September 19, subject to the fulfillment of customary closing conditions. Casella plans to use the net proceeds from this offering to fund its previously announced acquisitions of Royal Carting and Welsh Sanitation.
預計發行將在9月19日左右結束，前提是履行慣例的交割條件。Casella計劃將此次發行的淨收益用於其之前宣佈的對Royal Carting和Welsh Sanitation的收購。
In addition to financing the acquisition, Casella intends to use a portion of the proceeds to repay borrowings under its revolving credit facility and for other general corporate purposes.
除了用於收購，Casella還計劃利用部分收益償還其循環信貸額度下的借款，並用於其他一般公司用途。
