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GFL Environmental Inc. Announces Closing of Upsized Offering of US$750 Million of Senior Notes
GFL Environmental Inc. Announces Closing of Upsized Offering of US$750 Million of Senior ...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n \n \n \n GFL Environmental Inc. Announces Closing of Upsized Offering of US$750 Million of Senior 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 Canada NewsWire\n \n \n \n \n \n VAUGHAN, ON\n \n ,\n \n June 9, 2021\n \n /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\") today announced that it has closed its previously announced upsized offering of\n \n US$750.0 million\n \n in aggregate principal amount of 4.750% senior notes due 2029 (the \"Notes\"). GFL will use the net proceeds from the offering of the Notes (the \"Notes Offering\") to redeem all of its outstanding\n \n US$360,000,000\n \n aggregate principal amount of 8.500% Senior Notes due 2027 (the \"2027 Unsecured Notes\") and to pay related fees, premiums and accrued and unpaid interest on the 2027 Unsecured Notes. The 2027 Unsecured Notes are expected to be redeemed in full on\n \n June 11, 2021\n \n . Any remaining net proceeds from the Notes Offering will be used to repay borrowings under GFL's revolving credit facility, including amounts borrowed after\n \n March 31, 2021\n \n , and for general corporate purposes, including acquisitions.\n \n \n \n \n \n \n \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 its organization, GFL has a workforce of more than 15,000 employees.\n \n \n \n Forward-Looking Information\n \n \n \n \n This release includes certain \"forward-looking statements\", including statements relating to the use of proceeds of the recently completed note offering. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as \"plans\", \"targets\", \"expects\" or \"does not e...