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.
$Casella Waste Systems (CWST.US)$ 在周三的交易中，股价下跌了5.52％至100.84美元，此前该公司宣布以每股100美元的价格，发行450万股股票，筹集4.5亿美元的公开发行。
This offering will generate gross proceeds of approximately $450 million before accounting for underwriting discounts and offering-related expenses.
此次发行在扣除承销折扣和与发行相关的费用之前，将为公司带来大约4.5亿美元的总收入。
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还向承销商授予了购买多达67.5万股股票的30天期权，价格与折扣后的价格相同。所有参与发行的股票均由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.
预计发行将在9月19日左右结束，前提是履行惯例的交割条件。Casella计划将此次发行的净收益用于其之前宣布的对Royal Carting和Welsh Sanitation的收购。
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.
除了用于收购，Casella还计划利用部分收益偿还其循环信贷额度下的借款，并用于其他一般公司用途。
