Mr. Patrick Dovigi reports

GFL ENVIRONMENTAL INC. COMPLETES THE SALE OF ITS ENVIRONMENTAL SERVICES BUSINESS VALUED AT $8.0 BILLION

GFL Environmental Inc. has closed the sale of its environmental services business for an enterprise value of $8-billion. GFL retained a $1.7-billion equity interest in the environmental services business.

GFL intends to use up to $3.75-billion of the net proceeds from the transaction to repay debt, making available up to $2.25-billion for share repurchases, subject to market conditions, and the balance for transaction fees and general corporate purposes.

About GFL Environmental Inc.

GFL, headquartered in Vaughan, Ont., is the fourth-largest diversified environmental services company in North America, providing solid-waste management services through its platform of facilities across Canada and in more than half of the U.S. states. Across its organization, GFL has a work force of more than 15,000 employees.

We seek Safe Harbor.