GFL Environmental has priced a private offering of $750 million in senior notes due 2031 with a 5.625% coupon. The effective rate drops to approximately 4.5% after planned cross-currency interest rate swaps. Proceeds will repay revolving credit facility amounts, fund fees, and support the acquisition of SECURE Waste Infrastructure Corp. and other growth initiatives. The company expects the offering to lower its average effective borrowing rate and remain leverage neutral while maximizing liquidity. GFL shares edged up 0.14% to $35.05 in pre-market trading.
Gfl Environmental Holdings IncGFL priced $750M senior notes at 5.625% (effective ~4.5% after swaps) to repay revolver and fund the SECURE Waste acquisition, lowering its average borrowing rate while staying leverage neutral.
GFL's acquisition of Secure Waste is funded partly by this note offering, indicating growth investment.