GFL Environmental Inc., a portfolio company of HPS Investment Partners, LLC and Macquarie Infrastructure Partners, intends to close a private offering of US $350 million in aggregate principal amount of senior unsecured notes due 2022.
GFL intends to use the net proceeds from the offering to redeem all of its US $250 million of outstanding 7.875% senior unsecured notes due 2020, to repay a portion of the outstanding borrowings under its senior secured revolving credit facility, to pay fees and expenses in connection with the offering and the redemption, and for general corporate purposes, including financing future acquisitions and organic growth initiatives.
Toronto based GFL Environmental Inc. is a diversified environmental services company providing a comprehensive line of solid waste, soil remediation, and liquid waste services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of approximately 4,500 employees and provides its broad range of environmental services to more than 80,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households.
photo credit: GFL Environmental
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.