GFL Environmental Corp. Completes $200M High Yield Note Offering

GFL Environmental Corp. (“GFL”) completed its offering of $200 million in aggregate principal amount of senior unsecured notes (the “Notes”). The Notes are due June 18, 2018, and bear interest at an annual rate of 7.5 per cent. The Notes were offered in all provinces of Canada and in the United States by a syndicate of underwriters led by BMO Nesbitt Burns Inc. and Scotia Capital Inc., and including Credit Suisse Securities (Canada), Inc. and TD Securities Inc. (collectively, the “Underwriters”), by way of a private placement under applicable securities laws.

GFL is a Canadian environmental services company with a leading market presence in its core markets across its three distinct lines of business: solid waste, liquid waste and soil treatment.

GFL was represented by Stikeman Elliott LLP with a team that included Jeffrey Singer, D'Arcy Nordick, Ruth Elnekave and Daniel Howard (corporate & securities) and Jill Winton (tax).

The Underwriters were represented by Blake, Cassels & Graydon LLP with a team including Tim Andison, Christopher Kozub and Neil Lacroix (corporate & securities); and Bryan Bailey and Josh Jones (tax).