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Bail for man charged with impeding murder investigation

first_imgWhatsApp Email Limerick’s National Camogie League double header to be streamed live Twitter Advertisement TAGSCourtcourtslimerickRoad tramps motorcycle club WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads RELATED ARTICLESMORE FROM AUTHOR The remains of Andrew O’Donoghue, Cois na Coille, Murroe, Co Limerick, a member of the Road Tramps MC Ireland leaves Cross’s funeral home in Ballyneety with a 200 motorcycle guard of honour. Photograph Liam Burke/Press 22A MAN charged with impeding the murder investigation of biker Andrew O’Donoghue, who was shot dead in Murroe last month, has been granted bail despite objections from gardaí.At Limerick Distict Court on Tuesday, Judge Marian O’Leary granted bail to Robert Cusack (26) of Abington, Murroe, Co Limerick subject to a number of conditions, including banning him from having any contact with members of any motorcycle club.Sign up for the weekly Limerick Post newsletter Sign Up Detective Garda Fergal Hanrahan told the court the defendant is a member of the Caballeros motorcycle club based in Clonmel, who are involved in an ongoing bitter feud with the Murroe-based Road Tramps Motorcycle Club.Detective Hanrahan said there is an ongoing turf war between the two clubs and outlined fears that Cusack’s release would lead to heightened tensions between them.He noted that the murder at the Road Tramps clubhouse at Mountfune, Murroe on June 20 already lead to a reprisal in Castletroy the following day, in which a firearm was discharged.The court also heard that the murder was captured on CCTV cameras.Defence Solicitor Sarah Ryan said her client was not on the garda radar, that he had assisted gardaí in their investigations and has no previous convictions.Judge O’Leary remanded Cusack in custody with consent to bail until July 21. Facebookcenter_img Previous articleTV – Something for the weekend – Live Sport on TVNext articleInternational festival screens for Limerick film director John Keoghhttp://www.limerickpost.ie Print Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories NewsBail for man charged with impeding murder investigationBy John Keogh – July 9, 2015 1536 Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Linkedin Limerick Ladies National Football League opener to be streamed livelast_img read more

Casella successfully refinances senior secured revolving credit facility

first_imgCasella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today that it completed the refinancing of its existing senior secured credit facility with an amended and restated senior secured credit facility (the “Senior Secured Credit Facility”) consisting of a $227.5 million revolving credit and letter of credit facility (the “Revolver Facility”).Highlights of the new Senior Secured Credit Facility include: The new facility has a 5-year term, maturing in March 2016.The interest rate was reduced by 50bps from the existing facility, with the interest rate initially set at LIBOR plus a margin of 3.50% per annum.At the company’s discretion, the new facility allows for accordion advances up to an aggregate amount of $182.5 million, subject to certain conditions including obtaining additional lender commitments. This accordion capacity provides the company flexibility to refinance its existing $180.0 million second lien notes with borrowings under the new Senior Secured Credit Facility, subject to certain conditions. The facility has a springing maturity date if the company does not refinance its existing second lien notes by March 1, 2014.”Our team has done an excellent job over the past several months executing against our long-term capital strategy to improve the strength of our balance sheet,” John W. Casella, chairman and CEO of Casella Waste Systems, said. “With this successful refinancing, the sale of our non-integrated recycling assets for $134.1 million in early March, and the refinancing of our senior subordinated notes in early February, we believe that we have driven significant shareholder value and positioned ourselves well for the future.””Specifically, this refinancing improves our balance sheet profile by moving out the maturity of our senior secured credit facility to five years and reducing our cash interest costs,” Casella said. “In addition, we expect that the accordion capacity will provide us with an opportunity to call our expensive 11.00% second lien notes when they become callable starting in July 2012 with lower cost senior secured borrowings.”The net proceeds from the new Senior Secured Credit Facility were used to refinance the borrowings under the company’s existing $177.5 million senior secured credit facility due December 2012. The company repaid its existing senior secured Term Loan B on March 2, 2011.The interest rate under the new Senior Secured Credit Facility will be initially set at LIBOR plus a margin of 3.50% per annum for Eurodollar rate loans, and thereafter, the applicable margin will be determined in accordance with the pricing grid as set forth in the amended and restated credit agreement. The new Senior Secured Credit Facility is subject to customary affirmative, negative, and financial covenants.Availability under the new Revolver Facility was at $125.2 million on March 18, 2011, after taking into account $52.6 million of borrowings and $49.7 million of letters of credit.About Casella Waste Systems, Inc.Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste, recycling and resource management services in the northeastern United States. For further information, contact Ned Coletta, vice president of finance and investor relations at (802) 772-2239, or Ed Johnson, chief financial officer at (802) 772-2241, or visit the company’s website at http://www.casella.com(link is external).Safe Harbor StatementCertain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as we “believe,” “expect,” “anticipate,” “plan,” “may,” “will,” “would,” “intend,” “estimate” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the disposition and the industry and markets in which we operate and management’s beliefs and assumptions. We cannot guarantee that we actually will achieve the plans, intentions or expectations disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of our operations, involve a number of risks and uncertainties, any one or more of which co uld cause actual results to differ materially from those described in our forward-looking statements. Such risks and uncertainties include or relate to, among other things the commitment of lenders to fund accordion advances and those risks detailed in Item 1A, “Risk Factors” in our Form 10-K for the year ended April 30, 2010.We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.March 21, 2011last_img read more