Simpson Thacher represented GFL Environmental Inc. (“GFL”) in connection with the Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 6.750% Senior Secured Notes due 2031. GFL intends to use the net proceeds from the offering to repay borrowings under its term loan A facility and a portion of its revolving credit facility.
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 and Neil Patel (Capital Markets); Eli Isak, Abdul Fasinro and Roey Vardi (Credit); Jonathan Pall (Collateral); Michael Mann and Emma Wang (Tax); Melanie Jolson, Corina Holland and Courtney Welshimer (Intellectual Property); Dennis Loiacono (Real Estate); Pasco Struhs (Executive Compensation & Employee Benefits); and Steven DeLott (Insurance).