VAUGHAN, ON, Sept. 22, 2021 /PRNewswire/ - GFL Environmental
Inc. (NYSE: GFL), (TSX: GFL) ("GFL") today announced the pricing of
US$250 million in aggregate principal
amount of 4.000% senior notes due 2028 (the "Notes") at par in
a transaction that was significantly oversubscribed. GFL previously
issued US$500 million in aggregate
principal amount of its 4.000% senior notes due 2028 (the "Existing
Notes"). The Notes will be treated as "Additional Notes" under the
indenture governing the Notes and as a single series with the
Existing Notes under such indenture. GFL intends to use the net
proceeds from the offering of the Notes (the "Notes Offering")
to repay outstanding borrowings under its revolving credit facility
and the remainder for general corporate purposes, including
acquisitions.
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 16,000
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.