04:57 PM EDT, 09/19/2024 (MT Newswires) -- Casella Waste Systems ( CWST ) closed an underwritten public offering of almost 5.18 million shares for gross proceeds of $517.5 million.

The offering was priced at $100 per share and included a full exercise of the underwriters' option to buy an additional 675,000 shares, Casella said Thursday in a statement.

The company plans to use the proceeds to finance the acquisition of Royal Carting and Welsh Sanitation and repay borrowings under a revolving credit facility.