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GFL Environmental Inc. Announces Proposed Private Offering of Senior Secured Notes
GFL Environmental Inc. Announces Proposed Private Offering of Senior Secured Notes Cana...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n \n \n \n GFL Environmental Inc. Announces Proposed Private 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 Canada NewsWire\n \n \n \n \n \n \n VAUGHAN, ON\n \n \n ,\n \n \n Nov. 29, 2023\n \n \n /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\") today announced that it is planning to commence, subject to market and other conditions, a private offering of\n \n US$700 million\n \n in aggregate principal amount of senior secured notes due 2030 (the \"Notes\"). GFL intends to use the net proceeds from the offering of the Notes (the \"Notes Offering\") to repay outstanding borrowings under its Term Loan A Facility and a portion of its Revolving Credit Facility. GFL is opportunistically pursuing the Notes Offering with a view to moving more of its debt from floating to fixed interest rates, extending maturities and providing greater flexibility for future refinancings.\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 solid waste management, liquid was...