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GFL Environmental Inc. Completes the Sale of its Environmental Services Business Valued at $8.0 Billion
GFL Environmental Inc. Completes the Sale of its Environmental Services Business Valued at $8.0 B...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n\n\n\n GFL Environmental Inc. Completes the Sale of its Environmental Services Business Valued at $8.0 Billion\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 March 3, 2025\n \n\n /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\" or the \"Company\") today announced that it has closed the sale of its Environmental Services business for an enterprise value of\n \n $8.0 billion\n \n (the \"Transaction\"). GFL retained a\n \n $1.7 billion\n \n equity interest in the Environmental Services business.\n \n\n\n\n\n\n\n\n\n GFL intends to use up to\n \n $3.75 billion\n \n of the net proceeds from the Transaction to repay debt, making available up to\n \n $2.25 billion\n \n for share repurchases, subject to market conditions, and the balance for transaction fees and general corporate purposes.\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 solid waste management services through its platform of facilities across\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 15,000 employees.\n \n\n\n Forward-Looking Statements\n \n\n\n This release includes certain \"forward-looking statements\" and \"forward-looking information\" (collectively, \"forward-looking information\"), within the meaning of applicable U.S. and Canadian securities laws, respectively, including statements relating to the expected financial and other benefits of the Transaction to GFL and its shareholders, as well as GFL's expected use of proceeds. Forward-looking information includes all statements that do not relate solely to historical or current facts and may relate to our future outlook, financial guidance and anticipated events or results and may include statements regarding our financial performance, financial condition or results, business strategy, growth strategies, budgets, operations and services. Particularly, statements regardin...