Gfl Environmental Inc Stock Price, News & Analysis

GFL Environmental has successfully priced a US$250 million offering of 4.000% senior notes maturing in 2028, which was significantly oversubscribed. This offering follows a previous issuance of US$500 million in the same notes. The company plans to use the proceeds to repay existing debts and for general corporate purposes, including potential acquisitions. The notes will not be registered under the Securities Act and are available only to qualified institutional buyers.

GFL Environmental Inc. (NYSE: GFL) announced plans for a private offering of US$250 million in 4.000% senior notes due 2028. These notes will be treated as Additional Notes under the existing indenture. The proceeds will be used to repay borrowings under its revolving credit facility and support general corporate purposes, including acquisitions. The offering will only be available to qualified institutional buyers and will not be registered under the Securities Act, highlighting its exclusivity.

GFL Environmental Inc. (NYSE: GFL) has changed its auditor from Deloitte LLP to KPMG LLP effective August 20, 2021. The transition followed a comprehensive review process and a formal request for proposal to qualified firms. The Board of Directors supported this change, with no reportable events between GFL and Deloitte, which had no reservations in its audit reports. CFO Luke Pelosi expressed gratitude to Deloitte for its past support while looking forward to future collaborations on non-audit engagements. GFL is a leading environmental services company in North America.

GFL Environmental Inc. has successfully completed the acquisition of Terrapure Environmental Ltd.'s solid waste and environmental solutions business. This strategic move enhances GFL's operational capabilities and expands its service offerings across several markets. With a strong customer base and a high-quality asset network, the acquisition is expected to be immediately accretive to free cash flow. GFL CEO Patrick Dovigi emphasized the positive operational synergies and welcomed over 1,600 Terrapure employees into the GFL family.

GFL Environmental has successfully closed its upsized offering of US$550 million in 4.375% senior notes due 2029. The proceeds will be utilized for general corporate purposes, notably acquisitions. As the fourth largest environmental services company in North America, GFL operates in Canada and 27 U.S. states with a workforce exceeding 15,000 employees. The announcement contains forward-looking statements regarding the use of proceeds and future performance, subject to various risks and uncertainties.

GFL Environmental announced the pricing of US$550 million in senior notes due 2029, upsized from US$400 million due to high demand. The offering yields 4.375% and aims to finance general corporate purposes, including acquisitions. The notes will not be registered under the Securities Act and will be available only to qualified institutional buyers under Rule 144A. GFL is the fourth largest diversified environmental services company in North America, employing over 15,000 individuals.

GFL Environmental Inc. (NYSE: GFL) has announced a planned private offering of US$400 million in senior notes due 2029. The proceeds will be utilized for general corporate purposes, including potential acquisitions. The offering is subject to market conditions and is exclusively available to qualified institutional buyers under Rule 144A and Regulation S outside the United States. This offering will not be registered under the Securities Act of 1933 and is aimed at strengthening GFL's financial position as it operates as a leading environmental services company in North America.

GFL Environmental announced its Q2 2021 results, showcasing a 32.3% revenue increase to $1,314.3 million and a 35.0% rise in Adjusted EBITDA to $353.0 million. Net income reached $25.2 million, improving from a loss of $115.5 million in Q2 2020. The firm experienced strong solid waste pricing and volume growth, despite ongoing pandemic challenges. With nine acquisitions executed, GFL expects to enhance its full-year guidance, projecting revenue growth of 4-5% and an increase in Adjusted Free Cash Flow by nearly 10%, while it emphasizes sustainability through GFL Renewables.

GFL Environmental has announced a cash dividend of US$0.011 per subordinate and multiple voting share for Q2 2021. This dividend will be paid on July 30, 2021 to shareholders on record as of July 19, 2021. GFL, one of North America's largest environmental services firms, employs over 15,000 individuals and operates extensively throughout Canada and 27 U.S. states. The company has designated this dividend as an eligible dividend under the Canadian Income Tax Act, emphasizing its commitment to returning value to shareholders.