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GFL Environmental Inc. Announces Pricing of Secondary Offering by Selling Shareholders and Agreement to Repurchase 1,275,000 Subordinate Voting Shares in Secondary Offering
GFL Environmental Inc. Announces Pricing of Secondary Offering by Selling Shareholders and Agreem...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n\n\nGFL Environmental Inc. Announces Pricing of Secondary Offering by Selling Shareholders and Agreement to Repurchase 1,275,000 Subordinate Voting Shares in Secondary Offering\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\nCanada NewsWire\n\n\nThe Short Form Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible on or about November 24, 2025, through SEDAR+\nVAUGHAN, ON, Nov. 21, 2025 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\" or the \"Company\") today announced the pricing of the previously announced secondary offering (the \"Offering\") by BCEC-GFL Borrower (Cayman) LP (an entity affiliated with BC Partners Advisors L.P.), Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP and entities affiliated with HPS Investment Partners, LLC (collectively, the \"Selling Shareholders\") of 16,611,295 subordinate voting shares (the \"Shares\") at the public offering price of US$45.15 per Share. RBC Capital Markets, LLC and RBC Dominion Securities Inc. will act as underwriters for the Offering in the United States and Canada, respectively.\n\n\n\n\n\n\n\nGFL also announced today that it has agreed to purchase for cancellation a total of 1,275,000 Shares from RBC Dominion Securities Inc. under the Offering (the \"Secondary Offering Purchase\"). GFL's board of directors (interested directors having recused themselves) unanimously approved the Secondary Offering Purchase upon the recommendation of a special committee composed solely of independent and disinterested directors (the \"Special Committee\") formed to consider the Secondary Offering Purchase. In arriving at its unanimous recommendation that the Secondary Offering Purchase is in the best interests of the Company, the Special Committee considered several factors, including among other things, the price at which the Secondary Offering Purchase will be completed.\nThe Shares issued pursuant to the Offering will be offered in all provinces and territories of Canada by way of a prospectus supplement (the \"Prospectus Supplement\") to the Company's short form b...