GFL Environmental Inc. Announces Closing of Secondary Offering by Selling Shareholders

Rhea-AI Summary

GFL Environmental Inc. announced the closing of a secondary offering of 21,000,000 subordinate voting shares by key stakeholders, including Ontario Teachers' Pension Plan Board and HPS Investment Partners, LLC.

VAUGHAN, ON, March 5, 2024 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the closing of the previously announced secondary offering (the "Offering") by BCEC-GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC and entities affiliated with HPS Investment Partners, LLC of an aggregate of 21,000,000 subordinate voting shares. RBC Capital Markets, LLC and RBC Dominion Securities Inc. acted as underwriters for the Offering in the United States and Canada, respectively.

About GFL

GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management, liquid waste management and soil remediation 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 20,000 employees.

For more information:
Patrick Dovigi
+1 905-326-0101
pdovigi@gflenv.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/gfl-environmental-inc-announces-closing-of-secondary-offering-by-selling-shareholders-302080550.html

SOURCE GFL Environmental Inc.

What was announced by GFL Environmental Inc. in the press release?

GFL Environmental Inc. announced the closing of a secondary offering of 21,000,000 subordinate voting shares by key stakeholders.

Who were the key stakeholders involved in the secondary offering?

The key stakeholders involved in the secondary offering were BCEC-GFL Borrower (Cayman) LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital, LLC, and entities affiliated with HPS Investment Partners, LLC.

How many subordinate voting shares were included in the secondary offering?

The secondary offering included an aggregate of 21,000,000 subordinate voting shares.

Which companies acted as underwriters for the Offering in the United States and Canada?

RBC Capital Markets, LLC and RBC Dominion Securities Inc. acted as underwriters for the Offering in the United States and Canada, respectively.