Exhibit 5.1
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+1 617 526 6000 (t) +1 617 526 5000 (f) wilmerhale.com |
January 24, 2019
Casella Waste Systems, Inc.
25 Greens Hill Lane
Rutland, Vermont 05701
Re:Registration Statement on FormS-3
Ladies and Gentlemen:
This opinion is furnished to you in connection with (i) a Registration Statement on FormS-3 (FileNo. 333-224788) (the “Registration Statement”) filed by Casella Waste Systems, Inc., a Delaware corporation (the “Company”), with the Securities and Exchange Commission (the “Commission”) for the purpose of registering with the Commission under the Securities Act of 1933, as amended (the “Securities Act”), the following securities of the Company: (a) Class A common stock, $0.01 par value per share (the “Common Stock”); (b) preferred stock, $0.01 par value per share (the “Preferred Stock”); (c) depositary shares representing fractional interests in a share or multiple shares of Preferred Stock (the “Depositary Shares”); (d) contracts obligating the Company or a holder to purchase or sell Common Stock, Preferred Stock or Depositary Shares at a future date or dates (the “Purchase Contracts”); (e) purchase units, consisting of one or more Purchase Contracts and beneficial interests in debt securities, debt obligations of third parties or any other securities or any combination of the foregoing (the “Purchase Units”); (f) warrants to purchase Common Stock, Preferred Stock or Depositary Shares (the “Warrants”); and (g) units comprised of any combination of Common Stock, Preferred Stock, Depositary Shares, Purchase Contracts, Purchase Units and Warrants (the “Units”), all of which may be issued from time to time on a delayed or continuous basis pursuant to Rule 415 under the Securities Act at an indeterminate aggregate offering price, as set forth in the Registration Statement, the base prospectus contained therein (the “Base Prospectus”) and any amendments or supplements thereto; (ii) the preliminary prospectus supplement, dated January 22, 2019 (the “Preliminary Prospectus Supplement”); and (iii) the prospectus supplement dated January 22, 2019 (the “Final Prospectus Supplement” and together with the Preliminary Prospectus Supplement, the “Prospectuses”), relating to the issuance and sale by the Company pursuant to the Registration Statement of up to 3,565,000 shares of Common Stock (the “Shares”), including up to 465,000 Shares that may be sold upon the exercise of an option to purchase additional shares of Common Stock.
The Shares are to be sold by the Company pursuant to an underwriting agreement (the “Underwriting Agreement”) by and among the Company and Raymond James & Associates, Inc., as representative of the several underwriters named in Schedule Ithereto, the form of which is being filed as Exhibit 1.1 to the Company’s Current Report on Form8-K, dated January 24, 2019.