#Canada #Senior Notes #GFL Environmental #Vaughan #Corporate Funding

GFL Environmental Inc. Prices Private Offering of Senior Notes

GFL Environmental Inc. (NYSE: GFL and TSX: GFL), a leading player in the environmental services industry, has announced the successful pricing of an aggregate principal amount of $1 billion in 5.500% senior notes due in 2034. This offering, which was oversubscribed, has highlighted the confidence of institutional investors in GFL's operational strategy and future growth potential.

The senior notes will be issued by GFL’s wholly owned U.S. subsidiary and are guaranteed by the company alongside selected subsidiaries. Following a productive year in 2025, GFL has expressed intentions to utilize the proceeds from this offering primarily to repay existing debt obligations under its revolving credit facility and for general corporate purposes. This move is aimed at enhancing the company's liquidity, setting the stage for accelerating its growth strategies in 2026 and beyond, while maintaining a balanced approach to leverage and borrowing costs.

Patrick Dovigi, the Founder and CEO of GFL, remarked on the significance of this successful pricing, emphasizing the strong backing received from institutional debt investors. "We have worked diligently to build their trust as stewards of their capital, and in turn, they have supported us in our growth strategies," Dovigi stated. His words reflect the collective efforts of the company towards building long-term value for all stakeholders involved.

The notes were issued under Rule 144A for qualified institutional buyers and will also comply with Regulation S for international buyers, thereby securing a diverse investor base. In Canada, the offering will follow a private placement framework, allowing GFL to reach out to potential investors across the nation.

It is important to note that these notes have not been registered under the Securities Act of 1933, and any potential buyers will require an applicable exemption to engage in transactions involving these securities. As such, this offering should not be construed as a solicitation or an offer for securities outside the approved parameters set forth under relevant regulations.

As one of North America's largest diversified environmental services companies, GFL operates with a vast network, providing comprehensive waste management services throughout Canada and operating in 18 U.S. states. The firm's workforce exceeds 15,000 employees, further consolidating its position as a significant player in the sector.

Looking ahead, GFL Environmental Inc. remains committed to maintaining a leverage ratio in the low-to-mid 3.0x range, ensuring a balanced and responsible approach to its financial management. With a robust growth strategy in the pipeline, GFL aims to expand its market reach and reinforce its authority in the environmental services landscape.

In conclusion, the recent pricing of the senior notes not only fortifies GFL’s financial standing but also serves as a testament to its sustainable growth trajectory. Stakeholders, potential investors, and industry watchers will keenly observe how GFL capitalizes on this opportunity to enhance its operations and continue delivering exceptional value in the environmental sector.