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GFL Environmental Inc. Prices Private Offering of Senior Notes
GFL Environmental Inc. Prices Private Offering of Senior Notes Canada NewsWire VA...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n\n\nGFL Environmental Inc. Prices Private Offering of Senior Notes\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\nVAUGHAN, ON, Jan. 13, 2026 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\" or the \"Company\") today announced the pricing of US$1 billion in aggregate principal amount of 5.500% senior notes due 2034 (the \"Notes\"), in a transaction that was significantly oversubscribed (the \"Notes Offering\"). The Notes will be issued by a U.S. wholly owned subsidiary of GFL and will be guaranteed by GFL and certain of its other subsidiaries. \n\n\n\n\n\n\n\nFollowing the successful execution of the Company's capital allocation strategy in 2025, GFL intends to use the proceeds from the Notes Offering to repay amounts drawn on its revolving credit facility and for general corporate purposes, with a view to maximizing its available liquidity to execute on its growth strategy in 2026 and beyond. The Notes Offering is expected to have an immaterial impact on the Company's borrowing rate and to be leverage neutral, consistent with the Company's commitment to maintain leverage in the low-to-mid 3.0x range. \n\"The successful pricing of these Notes demonstrates the continued support we have from our institutional debt investors,\" said Patrick Dovigi, Founder and Chief Executive Officer. \"We have worked very hard to build their trust as stewards of their capital and in turn they have supported us in our growth strategies, allowing us to further pursue our goal of creating long-term value for all of our stakeholders.\"\nThe Notes being offered 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 the United States absent registration or an applicable exemption from registration requirements. The Notes are being offered only to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S under the Securities Act. In Canada, the Notes are to be offered and sold on a private...