Mr. Patrick Dovigi reports
GFL ENVIRONMENTAL INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR SECURED NOTES
GFL Environmental Inc. is planning to commence, subject to market and other conditions, a private offering of $700-million (U.S.) in aggregate principal amount of senior secured notes due 2030. GFL intends to use the net proceeds from the offering of the notes to repay outstanding borrowings under its term loan A facility and a portion of its revolving credit facility. GFL is opportunistically pursuing the notes offering with a view to moving more of its debt from floating to fixed interest rates, extending maturities and providing greater flexibility for future refinancings.
About GFL
Environmental Inc.
GFL, headquartered in Vaughan, Ont., is the fourth-largest diversified environmental services company in North America, providing a comprehensive line of solid waste management, liquid waste management and soil remediation services through its platform of facilities throughout Canada and in more than half of the U.S. states. Across its organization, GFL has a work force of more than 20,000 employees.
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