VAUGHAN, ON, June 6, 2024 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") today announced the pricing of US$500 million in aggregate principal amount of 6.625% senior notes due 2032 (the "Notes"), in a transaction that was significantly oversubscribed. The Notes will have an effective interest rate to GFL of 6.101% after giving effect to a cross-currency interest rate swap. GFL intends to use the net proceeds from the offering of the Notes (the "Notes Offering"), together with cash on hand, to redeem all of GFL's outstanding US$500 million aggregate principal amount of 4.250% Senior Secured Notes due 2025 (the "2025 Secured Notes") and to pay related fees, premiums and accrued and unpaid interest on the 2025 Secured Notes. The 2025 Secured Notes have an effective interest rate of 4.805% after giving effect to a cross-currency interest rate swap. The Notes will be issued by a U.S. wholly owned subsidiary of GFL and will be guaranteed by GFL and certain of its other subsidiaries.
Read more at newswire.caGFL Environmental Inc. Prices Private Offering of Senior Notes
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