By Staff Report Friday, July 23rd, 2021

CGL Holdings, the owner of Chicago Grade Landfill in San Luis Obispo County, has secured a $9.5 million term loan from Columbia Pacific Business Finance, a Seattle-based private equity fund.

CGL Holdings will use the money to refinance existing debt on the municipal waste landfill and recycling center near Atascadero and distribute proceeds to its parent company, Allos Environmental, according to a statement released by Columbia Pacific.

Chicago Grade Landfill accepts waste directly from the city of Atascadero as well as third-party garbage collectors, commercial haulers, and San Luis Obispo County residents.