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GFL Environmental Announces Proposed Offering of Senior Secured Notes
GFL Environmental Announces Proposed Offering of Senior Secured Notes VAUGHAN...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n \n \n \n GFL Environmental Announces Proposed Offering of Senior Secured Notes\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n VAUGHAN, ON\n \n ,\n \n Dec. 14, 2020\n \n /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\" or the \"Company\") today announced that it is planning to commence, subject to market and other conditions, a private offering of\n \n US$1.0 billion\n \n in aggregate principal amount of senior secured notes due 2028 (the \"Notes\"). GFL intends to use the net proceeds from the offering of the Notes (the \"Notes Offering\") to repay a portion of amounts outstanding under the Company's term loan facility, which matures on\n \n May 31, 2025\n \n , and to pay related fees and expenses.\n \n \n \n \n \n \n \n \n \n The Notes being offered by GFL in the Notes Offering have not been, and will not be, registered under the Securities Act of 1933, as amended (the \"Securities Act\"), and may not be offered or sold in\n \n the United States\n \n absent registration or an applicable exemption from registration requirements. The Notes are being offered only to qualified institutional buyers under Rule 144A and outside\n \n the United States\n \n in compliance with Regulation S under the Securities Act. In\n \n Canada\n \n , the Notes are to be offered and sold on a private placement basis in certain provinces of\n \n Canada\n \n .\n \n \n This release shall not constitute an offer to sell or a solicitation of an offer to buy any security, nor shall there be any offer, solicitation or sale of any security in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful.\n \n \n \n About GFL\n \n \n \n GFL, headquartered in\n \n Vaughan, Ontario\n \n , is the fourth largest diversified environmental services company in\n \n North America\n \n , providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities throughout\n \n Canada\n \n and in 27 states in\n \n the United States\n \n . Across ...