VAUGHAN, ON, Aug. 3, 2021 /CNW/ - GFL Environmental Inc.
(NYSE: GFL), (TSX: GFL) ("GFL") today announced that it is planning
to commence, subject to market and other conditions, a private
offering of US$400 million in
aggregate principal amount of senior notes due 2029
(the "Notes"). GFL intends to use the net proceeds from the
offering of the Notes (the "Notes Offering") for general corporate
purposes, including acquisitions.
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The Notes being offered by GFL in the Notes Offering have not
been, and will not be, registered under the Securities Act of 1933,
as amended (the "Securities Act"), and may not be offered or sold
in the United States absent
registration or an applicable exemption from registration
requirements. The Notes are being offered only to qualified
institutional buyers under Rule 144A and outside the United States in compliance with
Regulation S under the Securities Act. In Canada, the Notes are to be offered and sold
on a private placement basis in certain provinces of Canada.
This release shall not constitute an offer to sell or a
solicitation of an offer to buy any security, nor shall there be
any offer, solicitation or sale of any security in any state or
jurisdiction in which such an offer, solicitation, or sale would be
unlawful.
About GFL
GFL, headquartered in Vaughan,
Ontario, is the fourth largest diversified environmental
services company in North America,
providing a comprehensive line of non-hazardous solid waste
management, infrastructure & soil remediation and liquid waste
management services through its platform of facilities throughout
Canada and in 27 states in
the United States. Across its
organization, GFL has a workforce of more than 15,000
employees.
Forward-Looking Information
This release includes certain "forward-looking statements",
including statements relating to the potential for an offering and
issuance of the Notes by GFL and the use of proceeds therefrom. In
some cases, but not necessarily in all cases, forward-looking
statements can be identified by the use of forward looking
terminology such as "plans", "targets", "expects" or "does not
expect", "is expected", "an opportunity exists", "is positioned",
"estimates", "intends", "assumes", "anticipates" or "does not
anticipate" or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might", "will" or "will be taken", "occur" or "be
achieved". In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances contain forward-looking statements. Forward-looking
statements are not historical facts, nor guarantees or assurances
of future performance but instead represent management's current
beliefs, expectations, estimates and projections regarding future
events and operating performance. Forward-looking statements are
necessarily based on a number of opinions, assumptions and
estimates that, while considered reasonable by GFL as of the date
of this release, are subject to inherent uncertainties, risks and
changes in circumstances that may differ materially from those
contemplated by the forward-looking statements. Important factors
that could cause actual results to differ, possibly materially,
from those indicated by the forward-looking statements include, but
are not limited to, the "Risk Factors" section of GFL's annual
report for the 2020 fiscal year filed on Form 20-F and GFL's other
periodic filings with the U.S. Securities and Exchange Commission
and the securities commissions or similar regulatory authorities in
Canada. These factors are not
intended to represent a complete list of the factors that could
affect GFL. However, such risk factors should be considered
carefully. There can be no assurance that such estimates and
assumptions will prove to be correct. You should not place undue
reliance on forward-looking statements, which speak only as of the
date of this release. GFL undertakes no obligation to publicly
update any forward-looking statement, except as required by
applicable securities laws.
For more information:
Patrick Dovigi
+1 905-326-0101
pdovigi@gflenv.com
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SOURCE GFL Environmental Inc.