04:15 PM EDT, 09/17/2024 (MT Newswires) -- Casella Waste Systems ( CWST ) said Tuesday it has launched a proposed underwritten public offering of $400 million of its class A common shares.

The company expects to grant the underwriters a 30-day option to purchase an additional 15% of shares sold in the offering.

The net proceeds will be used to finance its previously announced acquisition of Royal Carting and Welsh Sanitation, to repay debt and for general corporate purposes, it said.