04:11:23 EST Tue 03 Dec 2024
Enter Symbol
or Name
USA
CA



GFL Environmental Inc
Symbol GFL
Shares Issued 364,758,759
Close 2024-10-01 C$ 53.60
Market Cap C$ 19,551,069,482
Recent Sedar Documents

GFL Environmental prices offering at $210M (U.S.)

2024-10-01 12:19 ET - News Release

Mr. Patrick Dovigi reports

GFL ENVIRONMENTAL INC. PRICES OFFERING OF US$210 MILLION OF TAX-EXEMPT INDUSTRIAL REVENUE BONDS AT 4.375%

GFL Environmental Inc. has priced $210-million (U.S.) in aggregate principal amount of Florida Development Finance Corp. solid waste disposal revenue bonds at 4.375 per cent in a transaction that was significantly oversubscribed. The bonds will have an initial mandatory tender date of Oct. 1, 2031. The issuer will loan the proceeds of the bonds to a subsidiary of GFL to finance or refinance certain solid waste disposal facilities located in the State of Florida. The loan is an unsecured obligation that will be guaranteed by GFL and certain of its subsidiaries.

GFL is opportunistically pursuing the offering of the bonds in advance of the maturity of its 3.750 per cent senior secured notes due 2025, with a view to moving more of its debt from secured to unsecured, consistent with an investment-grade capital structure, extending its related debt maturities and preserving balance sheet flexibility.

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.

We seek Safe Harbor.

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