Welcome to our dedicated page for Gfl Environmental news (Ticker: GFL), a resource for investors and traders seeking the latest updates and insights on Gfl Environmental stock.
The GFL Environmental Inc. (GFL) news page on Stock Titan aggregates company announcements, market disclosures and other updates related to its subordinate voting shares. GFL describes itself as the fourth largest diversified environmental services company in North America, with a focus on non-hazardous solid waste management and environmental services such as liquid waste management and soil remediation. Headquartered in Vaughan, Ontario, the company operates through a platform of facilities throughout Canada and in 18 U.S. states.
News items for GFL commonly include earnings releases and financial guidance, where the company reports quarterly and full-year results and provides outlooks for future periods. These releases are often accompanied by details of investor conference calls and webcasts. Investors can also find announcements about dividends on subordinate voting and multiple voting shares, including record and payment dates and Canadian tax designations.
Another recurring category of GFL news involves capital markets transactions, such as private offerings of senior notes and secondary offerings by selling shareholders, as well as share repurchase activity. The company has also issued news on corporate and strategic actions, including transactions related to its investment in Green Infrastructure Partners, a vertically integrated infrastructure company.
Because GFL operates in the environmental services and solid waste management sector, its updates can provide insight into its operational performance, capital allocation decisions and corporate structure changes. For investors tracking GFL stock (NYSE: GFL, TSX: GFL), this news page offers a centralized view of company-issued information, helping users follow developments in earnings, dividends, financing activities and other material events.
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GFL Environmental Inc. (NYSE: GFL) will release its fourth quarter and full year 2020 financial results on February 22, 2021. An investor conference call will be held on February 23, 2021, at 8:30 am ET. GFL, based in Vaughan, Ontario, is a leading environmental services company in North America, serving over 135,000 customers and providing waste collection to more than 4 million households. The company employs over 15,000 people and offers services across Canada and in 27 U.S. states.
GFL Environmental Inc. (NYSE: GFL) has declared a cash dividend of US$0.01 for each subordinate and multiple voting share for Q4 2020. The dividend will be paid on January 29, 2021 to shareholders of record by the close of business on January 19, 2021. This dividend is classified as an eligible dividend under the Income Tax Act in Canada. GFL is the fourth largest diversified environmental services company in North America, servicing over 4 million households and employing over 15,000 people across Canada and the US.
GFL Environmental Inc. announced the completion of a US$750 million offering of 3.500% senior secured notes due 2028, utilized to repay part of its term loan. The company also repriced approximately US$1.31 billion of its term loan facility, lowering the LIBOR floor from 1.00% to 0.50%. These actions are expected to result in a reduction of annual interest expenses by C$13.5 million, enhancing the company’s financial position. GFL has raised a total of US$1.75 billion since its IPO in March 2020, aimed at acquiring new assets and retiring expensive debt.
GFL Environmental Inc. announced a pricing of US$750 million in senior secured notes due 2028, aimed at repaying part of its term loan facility. The company plans to reduce the LIBOR floor on its remaining term loan balance of approximately US$1.31 billion. This move is expected to enhance GFL's maturity profile and decrease annual interest expenses by about C$13.5 million. The notes will not be registered under the Securities Act and are being offered only to qualified institutional buyers.
GFL Environmental Inc. plans to launch a private offering of US$1.0 billion in senior secured notes due 2028, subject to market conditions. The company aims to utilize the net proceeds to partially repay its term loan facility, maturing on May 31, 2025, and cover related expenses. The notes will only be offered to qualified institutional buyers and will not be registered under the Securities Act. GFL is a leading environmental services provider in North America, serving over 135,000 commercial clients and 4 million households across Canada and the U.S.
GFL Environmental Inc. (NYSE: GFL) announced the successful closure of a US$500 million senior notes offering at 4% due in 2028, enabling the redemption of US$405 million of existing 7% senior notes due 2026. The redemption will take place on November 27, 2020. Additionally, GFL amended its revolving credit agreement, reducing the interest margin to 2.25% and extending the maturity of the facility to November 2024. This refinancing aims to lower the company's cost of capital and enhance free cash flow, reflecting GFL's commitment to de-lever its balance sheet.
GFL Environmental announced the pricing of US$500 million in 4.000% senior notes due 2028, increasing from the initial US$400 million due to strong demand. The notes will be issued at 99.171%. Proceeds will redeem US$405 million of 7.000% senior notes due 2026 and cover related expenses, with any leftover funds used to pay down revolving credit. This offering is aimed at enhancing capital efficiency and improving the debt maturity profile.
GFL Environmental Inc. has announced a private offering of US$400 million in senior notes due 2028. The funds will be used to redeem existing US$405 million of senior notes due 2026 and cover associated costs. The offering is aimed at qualified institutional buyers and will not be registered under the Securities Act. GFL is a leading environmental services provider in North America, operating in Canada and 27 U.S. states.
GFL Environmental reported Q3 2020 revenue of $1,036.0 million, up 15.4% year-over-year, with an Adjusted EBITDA of $281.2 million, a 24.6% increase. The Adjusted EBITDA margin rose to 27.1%. Despite strong performance, the company suffered a net loss of $114.7 million. Solid waste operations saw 2.5% organic growth, largely due to the acquisition of Canada Fibers. GFL reduced borrowing costs with 3.750% senior secured notes. Cash flow from operating activities surged to $256.7 million, a 214.2% increase. However, challenges remain due to COVID-19 impacts on commercial activity.
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