GFL Environmental Completes $750 Million Senior Secured Notes Offering
01.19.21
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Simpson Thacher represented GFL Environmental Inc. (“GFL”) in connection with the Rule 144A/Regulation S offering of $750 million aggregate principal amount of 3.5% Senior Secured Notes due 2028. GFL intends to use the net proceeds from the offering to repay a portion of indebtedness outstanding under its term loan facility.
GFL, headquartered in Vaughan, Ontario, is the fourth-largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities throughout Canada and in 27 states in the United States.
The Simpson Thacher team included Ryan Bekkerus, Ben Massey and Ben Carson (Capital Markets); Eli Isak and Michael Gajewsky (Credit); Jonathan Pall (Collateral); Andrew Purcell and Sophie Staples (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Melanie Jolson (Intellectual Property); and Greg Grogan and Patricia Adams (Executive Compensation & Employee Benefits).