PE-backed GFL Environmental unveils $400 mln notes offering
GFL Environmental Inc, a Toronto-based environmental services company, said it plans to commence a private offering of US$400 million in senior unsecured notes. The company will use the proceeds for repayment of outstanding borrowings under its senior secured revolving credit facility and other priorities, including financing acquisitions and organic growth initiatives. GFL, which is backed by HPS Investment Partners, Macquarie Group and Hawthorn Equity Partners, is reportedly preparing for a $1-billion initial public offering this year.
21 February 2018•3 mins read
