GFL Environmental Inc. Announces Issuance of 16 million Subordinate Voting Shares on Conversion of Series A Preferred Shares

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[{"type":"text","content":"\n\n\n\n GFL Environmental Inc. Announces Issuance of 16 million Subordinate Voting Shares on Conversion of Series A Preferred Shares\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\n VAUGHAN, ON\n \n\n ,\n \n\n Sept. 12, 2024\n \n\n /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\" or the \"Company\") today announced that HPS Investment Partners, LLC (\"\n \n HPS\n \n \"), on behalf of the holders of the Company's Series A perpetual convertible preferred shares (\"\n \n Series A Preferred Shares\n \n \"), has provided notice of conversion of 14,565,543 Series A Preferred Shares for 16,000,000 subordinate voting shares. The subordinate voting shares issued on conversion of the Series A Preferred Shares were sold by funds managed by HPS in a block trade, at a price of\n \n US$39.60\n \n per share.\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 solid waste management, liquid waste management and soil remediation services through its platform of facilities throughout\n \n Canada\n \n and in more than half of the U.S. states. Across its organization, GFL has a workforce of more than 20,000 employees.\n \n\n\n Forward-Looking Statements\n \n\n\n This press release includes certain \"forward-looking statements\" within the meaning of applicable securities laws. 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 expect\", \"is expected\", \"an opportunity exists\", \"is positioned\", \"estimates\", \"intends\", \"assumes\", \"anticipates\" or \"does not anticipate\" or \"believes\", or variations of such words and phrases or statements that certain actions, events or results \"may\", \"could\", \"would\", \"might\", \"will\" or \"will be taken\", \"occur\" or \"be achieved\". In addition, any statements that refer ...

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