GFL Environmental Announces Proposed $750M Senior Notes Offering

GFL Environmental Inc. announced a proposed private offering of US$750 million in senior notes due 2031. The notes will be issued by a U.S. wholly-owned subsidiary and guaranteed by GFL and certain other subsidiaries. The company intends to use the proceeds to repay amounts drawn on its revolving credit facility, fund fees and expenses, and support the previously announced acquisition of SECURE Waste Infrastructure Corp. and other growth initiatives. This offering is expected to lower GFL's average effective borrowing rate and maintain leverage in the mid 3.0x range.