GFL Environmental Inc. plans to commence a private offering of US $400 million in aggregate principal amount of senior unsecured notes due 2023.
GFL Environmental Inc. is a portfolio company of HPS Investment Partners, LLC and Macquarie Infrastructure Partners.
GFL intends to use the net proceeds from the offering to repay the outstanding borrowings under its senior secured revolving credit facility, to pay fees and expenses in connection with the offering and for general corporate purposes, including financing future acquisitions and organic growth initiatives.
Vaughan, Ontario based GFL Environmental Inc. is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure & soil remediation, and liquid waste services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of approximately 5,000 employees and provides its broad range of environmental services to more than 60,000 commercial and industrial customers and its solid waste collection services to more than 2.3 million households.
photo credit: GFL
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