Mr. Patrick Dovigi reports

GFL ENVIRONMENTAL INC. PRICES PRIVATE OFFERING OF SENIOR NOTES

GFL Environmental Inc. has priced $750-million (U.S.) in aggregate principal amount of senior notes due 2031, with a stated coupon of 5.625 per cent or approximately 4.500 per cent after giving effect to cross-currency interest rate swaps the company intends to enter into. The notes will be issued by a United States wholly owned subsidiary of GFL and will be guaranteed by GFL and certain of its other subsidiaries.

GFL intends to use the proceeds from the notes offering to repay amounts drawn on its revolving credit facility and to finance fees and expenses, with a view to maximizing its available liquidity to finance a portion of the cash consideration, transaction costs and expenses for the previously announced acquisition of Secure Waste Infrastructure Corp. and to pursue other growth initiatives. The notes offering is expected to lower the company's average effective borrowing rate and to be leverage neutral, consistent with the company's commitment to maintain leverage in the mid 3.0 times range.

About GFL Environmental Inc.

GFL is the fourth-largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a work force of more than 15,000 employees across its organization.

We seek Safe Harbor.