GFL Environmental

GFL Environmental Inc. Announces Proposed Private Offering of Senior Notes

Retrieved on: 
Monday, November 16, 2020

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").

Key Points: 
  • 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.

GFL Environmental Announces Closing of Acquisition of Divestiture Assets

Retrieved on: 
Friday, October 30, 2020

VAUGHAN, ON, Oct. 30, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL" or the "Company") (NYSE: GFL) (TSX: GFL), a leading North American diversified environmental services company, announced today the successful closing of the acquisition of the divestiture assets resulting from the transaction between Waste Management, Inc. and Advanced Disposal Services, Inc.

Key Points: 
  • VAUGHAN, ON, Oct. 30, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL" or the "Company") (NYSE: GFL) (TSX: GFL), a leading North American diversified environmental services company, announced today the successful closing of the acquisition of the divestiture assets resulting from the transaction between Waste Management, Inc. and Advanced Disposal Services, Inc.
  • Patrick Dovigi, the Founder and Chief Executive Officer of GFL, said, "We are excited to welcome the over 900 employees joining the GFL family today."
  • This acquisition, together with our recently completed acquisition of WCA Waste Corporation, will advance this goal and further support our organic growth strategy."
  • GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

Waste Management Completes $4.6 Billion Acquisition of Advanced Disposal

Retrieved on: 
Friday, October 30, 2020

Waste Management (NYSE: WM) announced today that it completed its acquisition of all outstanding shares of Advanced Disposal on October 30, following the receipt of required regulatory approvals.

Key Points: 
  • Waste Management (NYSE: WM) announced today that it completed its acquisition of all outstanding shares of Advanced Disposal on October 30, following the receipt of required regulatory approvals.
  • We are excited to reach the finish line on this compelling acquisition, and I would like to welcome the Advanced Disposal team members to the WM family, said Jim Fish, President and Chief Executive Officer of Waste Management.
  • Immediately following the completion of the Advanced Disposal acquisition, Waste Management and Advanced Disposal completed the sale to GFL Environmental of all of the assets required by the U.S. Department of Justice to be divested in connection with the Advanced Disposal acquisition.
  • Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America.

GFL Environmental Inc. Announces Quarterly Dividend

Retrieved on: 
Thursday, October 8, 2020

VAUGHAN, ON, Oct. 8, 2020 /PRNewswire/ - The Board of Directors of GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has declared a cash dividend of US$0.01 for each outstanding subordinate voting share and multiple voting shareof the Company for the third quarter of 2020.

Key Points: 
  • VAUGHAN, ON, Oct. 8, 2020 /PRNewswire/ - The Board of Directors of GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has declared a cash dividend of US$0.01 for each outstanding subordinate voting share and multiple voting shareof the Company for the third quarter of 2020.
  • The cash dividend will be paid on October 30, 2020 to shareholders of record at the close of business on October 19, 2020.
  • The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada).
  • GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

GFL Environmental Inc. Sets Date for Third Quarter 2020 Earnings Release and Conference Call

Retrieved on: 
Tuesday, October 6, 2020

VAUGHAN, ON, Oct. 6, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its third quarter 2020 financial results after the market closes on Wednesday, November 4, 2020 and will host an investor conference call related to this release on Thursday, November 5, 2020 at 8:30 am Eastern Time.

Key Points: 
  • VAUGHAN, ON, Oct. 6, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its third quarter 2020 financial results after the market closes on Wednesday, November 4, 2020 and will host an investor conference call related to this release on Thursday, November 5, 2020 at 8:30 am Eastern Time.
  • The Company encourages participants who will be dialing in to pre-register for the conference call using the following link: https://dpregister.com/sreg/10148211/d988530653 .
  • Callers who pre-register will be given a conference passcode and PIN to gain immediate access to the call and bypass the live operator on the day of the call.
  • For those unable to listen live, an audio replay of the call will be available until November 18, 2020 by dialing 1-855-669-9658 or 1-877-344-7529 (access code 10148211).

GFL Environmental Announces Closing of WCA Waste Corporation Acquisition and US$600 Million Private Placement of Perpetual Convertible Preferred Shares

Retrieved on: 
Thursday, October 1, 2020

VAUGHAN, ON, Oct. 1, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL" or the "Company") (NYSE: GFL)(TSX: GFL) announced today the successful closing of the acquisition of WCA Waste Corporation.

Key Points: 
  • VAUGHAN, ON, Oct. 1, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL" or the "Company") (NYSE: GFL)(TSX: GFL) announced today the successful closing of the acquisition of WCA Waste Corporation.
  • The purchase price for the acquisition was partly funded with the net proceeds from the previously announced private placement (the "Private Placement") of US$600 million of perpetual convertible preferred shares (the "Preferred Shares") to funds managed by HPS Investment Partners, LLC ("HPS"), which also closed today.
  • Pursuant to the terms of the Private Placement, HPS has subscribed for 28,571,428 Preferred Shares for gross proceeds of US$600 million.
  • GFL may also require the conversion or redemption of the Preferred Shares at an earlier date in certain circumstances.

GFL Environmental Inc. Awarded Niagara Region Collection Contract

Retrieved on: 
Wednesday, September 30, 2020

VAUGHAN, ON, Sept. 30, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") has been awarded the residential solid waste and recycling collection contract for part of the Niagara Region.

Key Points: 
  • VAUGHAN, ON, Sept. 30, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") has been awarded the residential solid waste and recycling collection contract for part of the Niagara Region.
  • To service the contract, GFL has invested in 31 new compressed natural gas (CNG) trucks and has hired over 60 employees from the region.
  • "GFL is proud to be a partner to the Niagara Region and our team is excited and ready to bring our superior customer service to the community", said Patrick Dovigi, Founder and Chief Executive Officer of GFL.
  • "Environmental sustainability is a priority for the Niagara Region and our partnership with GFL is one important way we are working towards reaching our sustainability goals," said Regional Chair Jim Bradley.

GFL Environmental Announces Receipt of DOJ Approval for Acquisition of WCA Waste Corporation

Retrieved on: 
Tuesday, September 29, 2020

VAUGHAN,ON, Sept. 29, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL" or the "Company") (NYSE: GFL) (TSX: GFL) announced today that the U.S. Department of Justice ("DOJ") has approved the Company's proposed acquisition (the "Acquisition") of WCA Waste Corporation ("WCA") under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Key Points: 
  • VAUGHAN,ON, Sept. 29, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL" or the "Company") (NYSE: GFL) (TSX: GFL) announced today that the U.S. Department of Justice ("DOJ") has approved the Company's proposed acquisition (the "Acquisition") of WCA Waste Corporation ("WCA") under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
  • With the receipt of DOJ approval, one of the conditions to the closing of the Acquisition, the parties expect to close the Acquisition on October 1, 2020.
  • We still expect to close the purchase of the Waste Management, Inc. and Advanced Disposal Services, Inc. divesture assets early in the fourth quarter."
  • GFL undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

GFL Awarded 2020 Recycling Facility of the Year

Retrieved on: 
Friday, September 11, 2020

VAUGHAN, ON, Sept. 11, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL") (NYSE and TSX: GFL) has been awarded the National Waste & Recycling Association ("NWRA") 2020 Recycling Facility of the Year for its Material Recovery Facility ("MRF") in Winnipeg, Manitoba.

Key Points: 
  • VAUGHAN, ON, Sept. 11, 2020 /PRNewswire/ - GFL Environmental Inc. ("GFL") (NYSE and TSX: GFL) has been awarded the National Waste & Recycling Association ("NWRA") 2020 Recycling Facility of the Year for its Material Recovery Facility ("MRF") in Winnipeg, Manitoba.
  • The award recognizes leading recycling facilities in North America based on key factors such as innovation, sustainability and environmental impact.
  • "We are honored to be recognized as an innovator in our industry" said Patrick Dovigi, Founder and CEO of GFL.
  • "ESG has always been a key focus for GFL and we remain committed to investing in innovative, sustainable and long-term solutions for waste diversion."

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Reminds GFL Environmental (GFL; GFLU) Investors of Ongoing Investigation into Potential Securities Law Violations, Encourages Investors to Contact the Firm Now

Retrieved on: 
Monday, September 7, 2020

SAN FRANCISCO, Sept. 07, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges GFL Environmental Inc. (NYSE: GFL, GFLU) investors to contact the firm now .

Key Points: 
  • SAN FRANCISCO, Sept. 07, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges GFL Environmental Inc. (NYSE: GFL, GFLU) investors to contact the firm now .
  • The investigation centers on whether GFL reports its true financial condition consistent with applicable accounting rules.
  • More specifically, on Aug. 18, 2020, Spruce Point Capital Management published a scathing report Green for Life; Red for Losses.
  • Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.