GFL Environmental Inc. Announces Proposed Private Offering of Senior Notes
GFL Environmental announced a proposed private offering of $750 million in senior notes due 2031 to fund the previously announced acquisition of SECURE Waste Infrastructure Corp. Proceeds will also be used to repay amounts drawn on its revolving credit facility, with the transaction expected to be leverage neutral and lower the company's average effective borrowing rate.
Key figures
- Due year
- 2031
- Target company
- SECURE Waste Infrastructure Corp.
- Leverage target
- mid 3.0x range
- Principal amount
- 750000000
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