Monitor future lease schedules to be executed under this master lease agreement for specific equipment amounts and terms, as the current filing only establishes the framework. The $20 million interim financing is uncommitted and may not be fully drawn.
Price Chart
Executive Summary
Casella Waste Systems entered into a master lease agreement and an interim financing agreement with Huntington National Bank to lease or finance motor vehicles and other equipment. The interim agreement provides up to $20 million in uncommitted financing for progress payments on equipment, which will be capitalized into future lease schedules. The master lease allows for future leasing of equipment without a committed amount.
Key Financial Metrics
Key Facts
- Casella Waste Systems entered into a Master Lease Agreement No. 68105 with Huntington National Bank for leasing motor vehicles and other equipment.
- The company also entered into an Interim Agreement No. 1 with Huntington National Bank, providing up to $20 million in uncommitted financing for progress payments on equipment.
- Amounts advanced under the interim agreement bear interest at one-month Term SOFR plus 0.11448% and will be capitalized into the total lease amount when equipment is placed on a lease schedule.
- The master lease does not contain a commitment from the bank or a limit on the amount of equipment that can be leased.
- Casella's board approved up to $250 million in aggregate lease obligations outstanding at any time under this and a previous master lease agreement.
Financial Impact
Up to $20 million in interim financing available, with up to $250 million in total lease obligations permitted. Interest rate is Term SOFR plus 0.11448%.
Risk Factors
- The interim financing is uncommitted, so the full $20 million may not be available.
- Future lease obligations will increase the company's debt burden and fixed costs.
- Equipment financed through this arrangement will be subject to strict covenants and default provisions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000911177-26-000015 |
| Document: cwst-ex103xinterimagreement.htm | 0000911177-26-000015 |
| Document: cwst-ex102xmasterleaseadde.htm | 0000911177-26-000015 |
| Document: cwst-20260420.htm | 0000911177-26-000015 |
| Document: 0000911177-26-000015-index-headers.html | 0000911177-26-000015 |
| Document: 0000911177-26-000015-index.html | 0000911177-26-000015 |
| Document: 0000911177-26-000015.txt | 0000911177-26-000015 |
Track record builds as more directional reports settle.
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| Type | Now | ||||
|---|---|---|---|---|---|
Aug 22, 2026 5w ago | Institutional Cluster | $94.78 $89.07 | ▼ −6.02% | ▼ −6.04% | $82.77 (−12.67%) |
Jul 1, 2026 13w ago | 8-K | $95.36 $90.48 | ▼ −5.12% | ▼ −2.93% | $82.77 (−13.20%) |
Jul 1, 2026 13w ago | Press Release | $95.36 $90.48 | ▼ −5.12% | ▼ −2.93% | $82.77 (−13.20%) |
Jun 1, 2026 17w ago | 8-K | $83.00 $95.36 | ▲ +14.89% | ▲ +16.46% | $82.77 (−0.28%) |
May 27, 2026 18w ago | 8-K | $86.24 $92.33 | ▲ +7.06% | ▲ +8.96% | $82.77 (−4.02%) |
May 11, 2026 20w ago | 8-K | $84.88 $91.03 | ▲ +7.25% | ▲ +8.97% | $82.77 (−2.49%) |
Apr 22, 2026 23w ago | 8-K | $83.87 $87.41 | ▲ +4.22% | ▼ −0.41% | $82.77 (−1.31%) |
Apr 17, 2026 24w ago | DEFA14A | $79.54 $88.10 | ▲ +10.76% | ▲ +6.56% | $82.77 (+4.06%) |
Apr 7, 2026 25w ago | Press Release | $86.71 $86.76 | ▲ +0.06% | ▼ −8.49% | $82.77 (−4.54%) |
Apr 1, 2026 26w ago | Press Release | $87.18 $79.25 | ▼ −9.10% | ▼ −18.97% | $82.77 (−5.06%) |
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