Exhibit 5.1
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+1 617 526 6000 (t)
+1 617 526 5000 (f)
wilmerhale.com
September 18, 2024
Casella Waste Systems, Inc.
25 Greens Hill Lane
Rutland, Vermont 05701
Re: | Registration Statement on Form S-3 |
Ladies and Gentlemen:
This opinion is being furnished to you in connection with (i) the Registration Statement on Form S-3 (File No. 333-260602) (the “Registration Statement”) filed by Casella Waste Systems, Inc., a Delaware corporation (the “Company”), with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), for the registration of, among other things, shares of the Company’s Class A common stock, $0.01 par value per share (the “Common Stock”), 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 and the prospectus contained therein (the “Base Prospectus”) and (ii) the prospectus supplement, dated September 17, 2024 (the “Prospectus Supplement” and together with the Base Prospectus, the “Prospectus”), relating to the issuance and sale by the Company pursuant to the Registration Statement of up to 5,175,000 shares of Common Stock (the “Shares”), including up to 675,000 shares of Common Stock issuable upon exercise of an option to purchase additional shares of Common Stock granted by the Company.
The Shares are to be issued and sold by the Company pursuant to an underwriting agreement (the “Underwriting Agreement”) by and among the Company and Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated and J.P. Morgan Securities LLC as representatives of the several underwriters named in Schedule I thereto, a copy of which is being filed with the Commission as Exhibit 1.1 to the Company’s Current Report on Form 8-K on the date hereof.
We are acting as counsel for the Company in connection with the issue and sale by the Company of the Shares. We have examined and relied upon the Registration Statement and the Prospectus, each as filed with the Commission. We have also examined and relied upon the Underwriting Agreement, minutes of meetings and actions of the stockholders and the Board of Directors of the Company (including committees thereof) as provided to us by the Company, the Certificate of Incorporation and By-Laws of the Company, each as restated and/or amended to date, and such other documents, instruments and certificates as we have deemed necessary for purposes of rendering the opinions hereinafter set forth.
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