GFL Environmental Inc. Announces Proposed Private Offering of Senior Notes
VAUGHAN, ON, Nov. 16, 2020 /PRNewswire/ - 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 US$400.0 million in aggregate principal amount of senior notes due 2028 (the "Notes").
- VAUGHAN, ON, Nov. 16, 2020 /PRNewswire/ - 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 US$400.0 million in aggregate principal amount of senior notes due 2028 (the "Notes").
- GFL intends to use the net proceeds from the offering of the Notes (the "Notes Offering"), together with borrowings under GFL's revolving credit facility, to redeem all of GFL's outstanding US$405,000,000 aggregate principal amount of 7.000% Senior Notes due 2026 (the "2026 Unsecured Notes") and to pay related fees, premiums and accrued and unpaid interest on the 2026 Unsecured Notes.
- In Canada, the Notes are to be offered and sold on a private placement basis in certain provinces of Canada.
- This release includes certain "forward-looking statements", including statements relating to the potential for an offering and issuance of the Notes by GFL and the use of proceeds therefrom.