Simpson Thacher recently represented the initial purchasers, led by BMO Capital Markets and Credit Suisse, in connection with the offering by GFL Environmental Inc. of $250 million aggregate principal amount of 7.875% Senior Notes due 2020. The proceeds of the offering were used to repay existing indebtedness and will also finance GFL Environmental Inc.’s acquisitions and organic growth initiatives.
GFL Environmental Inc., headquartered in Vaughan, Ontario, is a leading Canadian diversified environmental services company with solid waste and liquid waste operations. Through its national platform of operations, GFL Environmental Inc. serves approximately 23,400 commercial, industrial and institutional customers, including those with multiple sites.
The Simpson Thacher team included Art Robinson, Mark Brod, Siobhan Lam and Alejandro Milá Valle (Capital Markets); David Holmberg (Tax); Michael Isby (Environmental); David Rubinsky and David Mollo-Christensen (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).