GFL to launch $400 mln offering to fund Waste Industries buy
Toronto-based environmental services provider GFL Environmental Inc said it is planning to commence a private offering of US$400 million in senior notes. The offering's proceeds will be used to help finance GFL's proposed acquisition of Waste Industries, a U.S. solid waste management company. The previously announced deal, which values Waste Industries at about $3.65 billion, will also be funded by up to US$1.3 billion in senior secured loans and equity contributions. Earlier this year, GFL was recapitalized by a consortium led by BC Partners and Ontario Teachers’ Pension Plan.
23 October 2018•3 mins read
