GFL Environmental Inc., a portfolio company of HPS Investment Partners, LLC and Macquarie Infrastructure Partners, has completed previously announced private offering of US $350 million in aggregate principal amount of senior unsecured notes due 2022. The notes bear interest at a rate of 5.625% per annum.
The net proceeds from the offering will be used to redeem all of GFL’s 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.
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.