Mr. Patrick Dovigi reports

GFL ENVIRONMENTAL INC. PRICES UPSIZED PRIVATE OFFERING OF SENIOR SECURED NOTES

GFL Environmental Inc. has priced $1-billion (U.S.) in aggregate principal amount of 6.750 per cent senior secured notes due 2031 in a transaction that was significantly oversubscribed. The offering was upsized by $300-million (U.S.) over the previously announced offering size of $700-million (U.S.). GFL Environmental intends to use the net proceeds from the offering of the notes to repay in full its term loan A facility and substantially all of the outstanding borrowings under its revolving credit facility. After giving effect to the note offering, the percentage of GFL Environmental's fixed-interest-rate debt will shift from 72 per cent to 88 per cent. The interest rate on the notes is 35 basis points lower than the current 7.10-per-cent rate on the borrowings to be repaid, resulting in expected annualized cash interest savings of approximately $5-million. The note offering will also extend a portion of the company's debt maturity to 2031 and provide GFL Environmental with greater flexibility for future refinancings.

About GFL Environmental Inc.

GFL Environmental, headquartered in Vaughan, Ont., is the fourth-largest diversified environmental service 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 Environmental has a work force of more than 20,000 employees.

We seek Safe Harbor.