Simpson Thacher represented GFL Environmental Inc. (“GFL”) in connection with the Rule 144A/Regulation S offering of $500 million aggregate principal amount of 6.625% Senior Notes due 2032. GFL used the net proceeds from the offering of the Notes, together with cash on hand, to redeem all of the outstanding 4.250% 2025 Secured Notes and to pay related fees, premiums and accrued and unpaid interest on such notes.
The Notes were issued by Wrangler Holdco Corp., a U.S. wholly owned subsidiary of GFL, and are guaranteed by GFL and its subsidiaries that guarantee existing unsecured debt.
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.
The Simpson Thacher team included Ryan Bekkerus, Ben Carson, J. Carr Gamble and Jerry Du (Capital Markets); Eli Isak, Abdul Fasinro and Roey Vardi (Credit); Michael Mann (Tax); Corina Holland, Courtney Welshimer and Paige Brinton (Intellectual Property); Dennis Loiacono and Timothy Gallagher (Real Estate); Pasco Struhs (Executive Compensation & Employee Benefits); and Steven DeLott (Insurance).