GFL Ups Its Senior Secured Notes Offering

GFL Environmental Inc. (GFL) announced the pricing of $750 million in aggregate principal amount of 3.750% senior secured notes due 2025.

This offering was over-subscribed by $150M from the company’s earlier announced amount of $600M.

GFL plans to use the net proceeds from the offering of the Notes for general corporate purposes, including acquisitions.

GFL notes in their announcement that The 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 U.S. 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 U.S. in compliance with Regulation S under the Securities Act. In Canada, the Notes are to be offered and sold on a private placement basis in certain provinces of Canada.

See other recent GFL news: 

GFL Acquires WCA Waste Corp for $1.21 Billion

GFL Q2 – Thriving Not Just Surviving – Reporting Nearly 20% Revenue Increase

GFL Acquires Assets of $835M and Expands U.S. Footprint

“Recession Resilient” GFL Environmental Shares Lessons Learned During COVID-19

GFL Inaugural ESG Report Touts Larger Sustainability Goals