VAUGHAN, ON, Nov. 18, 2021 /CNW/ - GFL Environmental Inc.
(NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced
that certain of its shareholders (the "Selling Shareholders")
intend to offer for sale 12,658,228 subordinate voting shares (the
"Shares"). GFL will not receive any proceeds from the sale of the
Shares (the "Offering"). J.P. Morgan will act as underwriter for
the Offering.
The Shares issued pursuant to the Offering will be offered in
all provinces and territories of Canada by way of a prospectus supplement (the
"Prospectus Supplement") to the Company's short form base shelf
prospectus (the "Final Base Shelf Prospectus"). The Company has
filed a registration statement on Form F-10 (the "Form F-10") and
will file the Prospectus Supplement with the U.S. Securities and
Exchange Commission (the "SEC") in accordance with the
multi-jurisdictional disclosure system established between
Canada and the United States.
No securities regulatory authority has either approved or
disapproved the contents of this news release. This news release
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in
any province, state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such province, state
or jurisdiction.
Prospective investors should read the Final Base Shelf
Prospectus, Prospectus Supplement and the documents incorporated by
reference therein before investing in the Shares. When available,
these documents may be accessed for free on SEDAR at
www.sedar.com.
GFL has filed the Form F-10 (including a prospectus) with the
SEC. Before you invest, you should read the prospectus supplement
relating to the Offering, the prospectus in the Form F-10 and other
documents GFL has filed with the SEC. You may get these documents
for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, you may request the prospectus supplement and
prospectus from J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866)
803-9204, or by email at prospectus-eq_fi@jpmchase.com.
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 more than half of
the U.S. states. Across its organization, GFL has a workforce of
more than 17,000 employees.
Forward Looking Statements
This news release includes certain "forward-looking statements"
within the meaning of applicable securities laws, including
statements relating to the proposed Offering. In some cases,
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "targets", "expects",
"believes", "could" or "potential" or variations of such words.
Forward-looking statements are based on our opinions, estimates and
assumptions in light of our experience, track record and perception
of historical trends, current conditions, growth opportunities and
expected future developments, as well as other factors that we
currently believe are appropriate and reasonable in the
circumstances. Completion of the proposed Offering is subject to
numerous factors, many of which are beyond GFL's control, including
but not limited to, the failure of customary closing conditions and
other important factors disclosed previously and from time to time,
including, without limitation, risks identified in the "Risk
Factors" section of GFL's Annual Report on Form 20-F for the fiscal
year ended December 31, 2020, and in
our other public filings filed with Canadian Securities Commissions
and the SEC. There can be no assurance that the underlying
opinions, estimates and assumptions will prove to be correct.
Accordingly, we caution investors not to rely on the
forward-looking information contained in this news release when
making an investment decision in our securities. The
forward-looking information contained in this news release
represents our expectations as of the date of this news release (or
as the date they are otherwise stated to be made), and are subject
to change after such date. However, we disclaim any intention or
obligation or undertaking to update or revise any forward-looking
information whether as a result of new information, future events
or otherwise, except as required under applicable U.S. or Canadian
securities laws.
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SOURCE GFL Environmental Inc.