Gfl Environmental Inc Stock Price, News & Analysis

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.

GFL Environmental Inc. (GFL) announced the formation of the Resource Recovery Alliance (RRA) to comply with Ontario's extended producer responsibility regulation regarding the Blue Box program. RRA will integrate with GFL's existing services and has a definitive agreement to acquire Canadian Stewardship Services Alliance (CSSA), enhancing its resource recovery capabilities in Ontario and North America. The acquisition is expected to close in Q3 2021, creating a comprehensive compliance solution for producers and leveraging GFL's extensive network and CSSA's expertise.

GFL Environmental Inc. (NYSE: GFL) announced it will release its 2021 second-quarter financial results on July 28, 2021, after market close. An investor conference call is scheduled for July 29, 2021, at 8:30 am Eastern Time. Participants can access the call via the Company's Investors page or by dialing in. GFL, based in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, operating across Canada and 27 U.S. states with over 15,000 employees.

GFL Environmental Inc. has successfully closed a US$750 million offering of 4.750% senior notes due 2029. The proceeds will be used to redeem US$360 million of its 8.500% Senior Notes due 2027 and cover related costs. The redemption is set for June 11, 2021. Remaining funds will address GFL's revolving credit facility and support general corporate purposes, including potential acquisitions. This strategic move aims to enhance GFL's financial stability and operational flexibility in the environmental services sector.

GFL Environmental has announced the pricing of US$750 million in senior notes due 2029, an increase from the initial offering of US$600 million. The offering was oversubscribed and will be used to redeem US$360 million of 8.500% senior notes due 2027, along with related fees and to repay borrowings under its revolving credit facility. This financial move aims to enhance GFL's capital structure and support its acquisitions. The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers.

GFL Environmental Inc. (NYSE: GFL, TSX: GFL) announced plans for a private offering of US$600 million in senior notes due 2029. The company aims to use the proceeds primarily to redeem its US$360 million of existing 8.500% senior notes due 2027 and to pay related fees and interests. Remaining funds will be allocated to repay borrowings under its revolving credit facility. The notes will not be registered under the Securities Act and are offered only to qualified institutional buyers in compliance with applicable regulations.